73ACancellation etc of supplier’s approval

73A Cancellation etc of supplier’s approval (1) This section applies if the commission— (a) stops being satisfied that an approved supplier meets the conditions for approval stated in section 72 (2); or (b) is satisfied that an approved supplier has contravened this Act.

(2) In subsection (1) (b), a reference to a contravention of this Act (3) The commission may, by written notice given to the approved supplier— (a) cancel the supplier’s approval; or (b) suspend the supplier’s approval; or (c) reprimand the supplier. (4) In considering whether to take action under this section, the (a) whether action has been taken against the approved supplier under this section before; (b) the seriousness of any contravention of this Act; (c) the likelihood of further action needing to be taken against the supplier; (d) the public benefit of suppliers being regulated under this Act. (5) The commission may also consider any other relevant matter.