159GRevocation or variation of interim prohibition order

159G Revocation or variation of interim prohibition order (1) A regulatory body must, as soon as practicable, revoke an interim prohibition order issued by the regulatory body to an unregistered person if the regulatory body is satisfied the grounds on which the order was issued— (a) no longer exist in relation to the person; or (b) did not exist at the time the interim prohibition order was issued to the person.

(2) Despite subsection (1), a regulatory body may vary the grounds on which an interim prohibition order was issued to an unregistered person (a varied interim prohibition order) if the regulatory body— (a) is satisfied a different or additional ground specified in section 159C(1)(a) exists in relation to the person; and (b) continues to reasonably believe the ground specified in section 159C(1)(b) exists in relation to the person. (3) Section 159E(3) to (7) applies to the varied interim prohibition order, with any necessary modifications, as if it were the issue of an interim prohibition order. (4) Despite subsections (1) and (2), an interim prohibition order that has been extended or substituted by a responsible tribunal may only be revoked or varied by the tribunal. Note See sections 159L and 159M.