37Cancellation or suspension of approval

37 Cancellation or suspension of approval

(1) The Board may suspend an approval under section 13 or 14 if the Board is satisfied that the company or the members of the partnership have failed to comply with a direction of the Board under section 13(3), 14(4) or the regulations.

S. 37(2) amended by No. 35/2004 s. 23(1).

(2) The Board may suspend or cancel the approval of a partnership if the Board is satisfied that the partnership no longer fulfils the criteria in section 13.

S. 37(3) amended by No. 35/2004 s. 23(2).

(3) The Board may suspend or cancel the approval of a company if the Board is satisfied that the company no longer fulfils the criteria in section 14.

(4) The Board must give written notice of the cancellation or suspension of approval to the partnership or company concerned.

(5) The cancellation or suspension takes effect 14 days after notice is given under subsection (4) unless an application for review is lodged under section 43 within that period.

S. 37(6) amended by No. 52/1998

(6) If an application for review has been lodged under section 43 and the Victorian Civil and Administrative Tribunal confirms the suspension or cancellation, the suspension or cancellation takes effect upon the making of that determination.