The appellant, a condominium management provider, appealed a proposal by the Registrar to attach a condition to its licence.
The condition would prohibit a 50% shareholder, who had previously directed condominium funds to his own companies and faced criminal charges, from being an 'interested person' in the appellant.
The Tribunal found that the Registrar has broad discretion under section 40 of the Condominium Management Services Act, 2015 to impose appropriate conditions.
Given the shareholder's egregious past conduct and his ability to indirectly control the appellant, the Tribunal concluded the condition was necessary to protect the public and directed the Registrar to carry out the proposal.
