10Revocation of designation under regulation 6, 6A, 7 or 8 or declaration under regulation 6 or 6A

10 Revocation of designation under regulation 6, 6A, 7 or 8 or declaration under regulation 6 or 6A

(1) The Minister may, by legislative instrument, revoke: (a) a designation made under paragraph 6(a) or 6A(1)(a), (2)(a), (4)(a), (5)(a), (8)(a) or (9)(a), regulation 7 or paragraph 8(1)(a) or (b); or (b) a declaration made under paragraph 6(b) or 6A(1)(b), (2)(b), (4)(b), (5)(b), (8)(b) or (9)(b). (2) The Minister may revoke a designation or declaration on the Minister’s initiative. (3) The Minister may also revoke: (a) a designation made under paragraph 6(a) or 6A(1)(a), (2)(a), (4)(a), (5)(a), (8)(a) or (9)(a); or (b) a declaration made under paragraph 6(b) or 6A(1)(b), (2)(b), (4)(b), (5)(b), (8)(b) or (9)(b); on application by the person or entity to which the designation or declaration relates.

Note: See regulation 11.

(4) The Minister may also revoke a designation made under regulation 7 on application by the designated person or entity that owns or controls the designated asset to which the designation relates.

Note: See regulation 11.

(5) The Minister may also revoke a designation made under paragraph 8(1)(a) or (b) on application by: (a) the owner of the sanctioned vessel to which the designation relates; or (b) the person who controls the sanctioned vessel to which the designation relates.

Note: See regulation 11.