298CRequest for suspension of authorisation

298C  Request for suspension of authorisation  (1) A person who is a third party authorised officer may request the Secretary, in writing, to suspend the person’s authorisation as a third party authorised officer.  (2) If the Secretary receives a request from a person under subsection (1), the Secretary must, by written notice to the person, suspend the person’s authorisation as a third party authorised officer as requested, with effect on the day specified in the notice. Effect of suspension  (3) If a person’s authorisation as a third party authorised officer is suspended for a period under subsection (2), the person is taken not to be a third party authorised officer under this Act during the period of the suspension. Note 1: If a person’s authorisation as a third party authorised officer is suspended, the Secretary may: (a) request the person to notify the Secretary of certain events (see section 299); or (b) require an audit to be conducted in relation to the performance of functions and the exercise of powers by the person as a third party authorised officer (see section 267). Note 2: The person may be required to retain records (see section 408). Request to revoke suspension  (4) If a person’s authorisation as a third party authorised officer is suspended under subsection (2), the person may request the Secretary, in writing, to revoke the suspension.  (5) If the Secretary receives a request from a person under subsection (4), the Secretary may:  (a) if the Secretary is satisfied there is no reason why the suspension should not be revoked—revoke the suspension by written notice to the person; or  (i) suspend the person’s authorisation as a third party authorised officer under subsection 296(1); or  (ii) revoke the person’s authorisation as a third party authorised officer under subsection 297(1). Note 1: For the purpose of deciding whether to revoke the suspension, the Secretary may request the person to notify the Secretary of certain events (see section 299). Note 2: A decision to suspend or revoke a person’s authorisation as a third party authorised officer under subsection 296(1) or 297(1) is a reviewable decision (see Part 2 of Chapter 11).