sec.407Suspension or cancellation

### sec.407 Suspension or cancellation This section applies if— there are no accepted representations for the show cause notice; or after considering the accepted representations for the show cause notice, the chief executive— still believes a ground exists to suspend or cancel the compliance agreement; and believes suspension or cancellation of the agreement is warranted. The chief executive may— if the proposed action was to suspend the agreement—suspend the agreement for not longer than the proposed suspension period; or if the proposed action was to cancel the agreement—cancel the agreement or suspend it for a period. If the chief executive decides to take action under subsection (2) , the chief executive must as soon as practicable give the other party to the agreement an information notice for the decision. The decision takes effect on the later of the following— the day the information notice is given to the other party; the day stated in the information notice for that purpose. (sec.407-ssec.1) This section applies if— there are no accepted representations for the show cause notice; or after considering the accepted representations for the show cause notice, the chief executive— still believes a ground exists to suspend or cancel the compliance agreement; and believes suspension or cancellation of the agreement is warranted. (sec.407-ssec.2) The chief executive may— if the proposed action was to suspend the agreement—suspend the agreement for not longer than the proposed suspension period; or if the proposed action was to cancel the agreement—cancel the agreement or suspend it for a period. (sec.407-ssec.3) If the chief executive decides to take action under subsection (2) , the chief executive must as soon as practicable give the other party to the agreement an information notice for the decision. (sec.407-ssec.4) The decision takes effect on the later of the following— the day the information notice is given to the other party; the day stated in the information notice for that purpose. - (a) there are no accepted representations for the show cause notice; or - (b) after considering the accepted representations for the show cause notice, the chief executive— (i) still believes a ground exists to suspend or cancel the compliance agreement; and (ii) believes suspension or cancellation of the agreement is warranted. - (i) still believes a ground exists to suspend or cancel the compliance agreement; and - (ii) believes suspension or cancellation of the agreement is warranted. - (i) still believes a ground exists to suspend or cancel the compliance agreement; and - (ii) believes suspension or cancellation of the agreement is warranted. - (a) if the proposed action was to suspend the agreement—suspend the agreement for not longer than the proposed suspension period; or - (b) if the proposed action was to cancel the agreement—cancel the agreement or suspend it for a period. - (a) the day the information notice is given to the other party; - (b) the day stated in the information notice for that purpose.