sec.142ZAGrounds for suspension or cancellation

### sec.142ZA Grounds for suspension or cancellation The commissioner may suspend or cancel a person’s approval as an approved manager if the commissioner believes on reasonable grounds— the approval was granted in error or because of a materially false or fraudulent document, statement or representation; or the holder of the approval is not, or is no longer, a suitable person to hold the approval; or the holder has been convicted of an offence against this Act; or the holder has contravened a provision of this Act (being a provision a contravention of which is not an offence against this Act). For forming a belief that the ground mentioned in subsection (1) (b) exists, the commissioner may have regard to the matters, mentioned in section 142R (3) , to which the commissioner may have regard in deciding whether a proposed holder of an approval as an approved manager is a suitable person to hold the approval. s 142ZA ins 2008 No. 48 s 52 amd 2012 No. 25 s 144 (1) (sec.142ZA-ssec.1) The commissioner may suspend or cancel a person’s approval as an approved manager if the commissioner believes on reasonable grounds— the approval was granted in error or because of a materially false or fraudulent document, statement or representation; or the holder of the approval is not, or is no longer, a suitable person to hold the approval; or the holder has been convicted of an offence against this Act; or the holder has contravened a provision of this Act (being a provision a contravention of which is not an offence against this Act). (sec.142ZA-ssec.2) For forming a belief that the ground mentioned in subsection (1) (b) exists, the commissioner may have regard to the matters, mentioned in section 142R (3) , to which the commissioner may have regard in deciding whether a proposed holder of an approval as an approved manager is a suitable person to hold the approval. - (a) the approval was granted in error or because of a materially false or fraudulent document, statement or representation; or - (b) the holder of the approval is not, or is no longer, a suitable person to hold the approval; or - (c) the holder has been convicted of an offence against this Act; or - (d) the holder has contravened a provision of this Act (being a provision a contravention of which is not an offence against this Act).