21Conditions—suspending and cancelling authorisations

21 Conditions—suspending and cancelling authorisations

21 Conditions—suspending and cancelling authorisations

(1) The Corporation may, by written notice served on the holder of the authorisation, suspend or cancel an authorisation if—

(a) the authorisation was granted on the basis of false or misleading information, or

(b) the holder of the authorisation has contravened a condition of the authorisation, or

(c) the holder of the authorisation has contravened the Act, this regulation or a direction under the Act or this regulation.

(2) The notice must set out the reason for the suspension or cancellation.