159DShow cause process for interim prohibition orders

159D Show cause process for interim prohibition orders (1) If a regulatory body proposes to issue an interim prohibition order to an unregistered person, the body must give the person notice of the proposed order. (2) Notice given under subsection (1)— (a) may be given in writing or verbally; and (b) must invite the unregistered person to make written or verbal submissions to the regulatory body, within the stated time, about the proposed interim prohibition order.

(3) After considering any submission made by the unregistered person in accordance with the notice, the regulatory body must— (a) decide whether or not to issue the interim prohibition order; and (b) immediately after making the decision, give the unregistered person written notice of the body’s decision. (4) The notice of the regulatory body’s decision must include the (c) if the decision is to issue the interim prohibition order— (i) that the unregistered person may appeal against the