41Suspension of certificate of survey

41 Suspension of certificate of survey

(1) The National Regulator must suspend a certificate of survey if:

(a) an application for suspension of the certificate has been made under section 39; and

(b) the National Regulator is satisfied that the criteria prescribed by the regulations in relation to the suspension are met.

(2) The National Regulator must suspend a certificate of survey on the National Regulator’s initiative if the National Regulator is satisfied that the suspension is necessary:

(a) comes into force on the day specified by the National Regulator in writing or, if no day is so specified, on the day the holder of the certificate is notified in writing of the suspension; and

(i) the end of the period specified in writing by the National Regulator, which must not exceed the prescribed period; or

(4) A period referred to in subsection (3)(b)(i) may be specified by reference to the fulfilment of a requirement or condition specified by the Regulator.