sec.77Non-immediate amendment

### sec.77 Non-immediate amendment The chief executive may, by complying with section 78 , amend a commercial activity agreement— for a reason for which the agreement may be amended or suspended under section 76 ; or if the chief executive reasonably believes— the agreement was entered into on the basis of incorrect or misleading information; or the other party to the agreement has contravened a condition of the agreement; or the other party to the agreement is not, or is no longer, a suitable person to be a party to the agreement; or the amendment is necessary having regard to the purpose of the Act ; or if the other party to the agreement is convicted of an offence against the Act and the activities of the other party that led to the conviction are relevant to the other party’s ability to conduct activities under the agreement in a competent or ethical way. - (a) for a reason for which the agreement may be amended or suspended under section 76 ; or - (b) if the chief executive reasonably believes— (i) the agreement was entered into on the basis of incorrect or misleading information; or (ii) the other party to the agreement has contravened a condition of the agreement; or (iii) the other party to the agreement is not, or is no longer, a suitable person to be a party to the agreement; or (iv) the amendment is necessary having regard to the purpose of the Act ; or - (i) the agreement was entered into on the basis of incorrect or misleading information; or - (ii) the other party to the agreement has contravened a condition of the agreement; or - (iii) the other party to the agreement is not, or is no longer, a suitable person to be a party to the agreement; or - (iv) the amendment is necessary having regard to the purpose of the Act ; or - (c) if the other party to the agreement is convicted of an offence against the Act and the activities of the other party that led to the conviction are relevant to the other party’s ability to conduct activities under the agreement in a competent or ethical way. - (i) the agreement was entered into on the basis of incorrect or misleading information; or - (ii) the other party to the agreement has contravened a condition of the agreement; or - (iii) the other party to the agreement is not, or is no longer, a suitable person to be a party to the agreement; or - (iv) the amendment is necessary having regard to the purpose of the Act ; or