sec.60Notice of proposed action

sec.60 Notice of proposed action

The regulator must give the distributor a notice stating each of the following— the action (the proposed action ) the regulator proposes to take under this division; the grounds for the proposed action; the facts and circumstances that are the basis for the grounds; if the proposed action is to amend—the proposed amendment; if the proposed action is to suspend—the proposed suspension period; that the distributor may make, within a stated period, written submissions to show why the proposed action should not be taken. The stated period must end at least 20 business days after the notice is given. s 60 amd 2014 No. 48 s 122 (sec.60-ssec.1) The regulator must give the distributor a notice stating each of the following— the action (the proposed action ) the regulator proposes to take under this division; the grounds for the proposed action; the facts and circumstances that are the basis for the grounds; if the proposed action is to amend—the proposed amendment; if the proposed action is to suspend—the proposed suspension period; that the distributor may make, within a stated period, written submissions to show why the proposed action should not be taken. (sec.60-ssec.2) The stated period must end at least 20 business days after the notice is given.

• (a) the action (the proposed action ) the regulator proposes to take under this division;
• (b) the grounds for the proposed action;
• (c) the facts and circumstances that are the basis for the grounds;
• (d) if the proposed action is to amend—the proposed amendment;
• (e) if the proposed action is to suspend—the proposed suspension period;
• (f) that the distributor may make, within a stated period, written submissions to show why the proposed action should not be taken.