72National Regulator must give a show cause notice before varying, suspending or revoking a certificate

72 National Regulator must give a show cause notice before varying, suspending or revoking a certificate

(1) The National Regulator must, before varying or revoking a certificate:

(a) give the holder of the certificate notice in writing inviting the holder to show cause, within a reasonable period specified in the notice, why the variation should not be made or the certificate should not be revoked; and

(b) consider any representations the holder makes to the National Regulator within that period.

(2) The National Regulator must, before suspending a certificate in accordance with section 41(2)(b), 51(2)(b) or 63(2)(b):

(a) give the holder of the certificate notice in writing inviting the holder to show cause, within a reasonable period specified in the notice, why the certificate should not be suspended; and

(b) consider any representations the holder makes to the National Regulator within that period.

(3) The National Regulator is not required to give a notice under subsection (1) or (2) before varying, suspending or revoking a certificate on application made by the holder of the certificate.