29Minister to notify FLIC of suspected breach of conditions

29 Minister to notify FLIC of suspected breach of conditions

If the Minister is of the opinion that there may be grounds for deciding that a FLIC is in breach of a condition of the scheme, the Minister must:

(a) give the FLIC written notice of the Minister’s opinion specifying the reasons for the opinion; and

(b) invite the FLIC to make a written submission to the Minister within 28 days.

Note: The conditions of the scheme may be found in sections 23 to 28 and a determination made under section 22.