16Power of Authority to amend, suspend or revoke exemptions

16 Power of Authority to amend, suspend or revoke exemptions

(1) The Authority may, at any time, amend, suspend or revoke an exemption granted under regulation 14 or 15, either on the request of a person to whom the exemption was granted or on its own initiative.

(2) The Authority must not amend, suspend or revoke an exemption on its own initiative unless it has—

(a) given written notice to any person or class of persons to whom the exemption was granted—

(i) advising that the Authority proposes to amend, suspend or revoke the exemption; and

(ii) providing written reasons for that proposal; and

(iii) inviting the person to make a submission on the proposal, including a submission on the terms of the proposed amendment (if any); and

(3) If the Authority decides to suspend an exemption, it must give any person or class of persons to whom the exemption was granted written notice that sets out—

(a) the date and time from which the suspension takes effect; and

(b) the date and time at which the suspension ends.

(4) If the Authority decides to revoke an exemption, it must give any person or class of persons to whom the exemption was granted written notice that sets out the date and time from which the revocation takes effect.

(5) If the Authority decides to amend, suspend or revoke an exemption granted under regulation 15, it must publish a notice to this effect in the Government Gazette and on a website maintained by the Authority.