15When a licence can be suspended, cancelled or varied—grounds to suspend or cancel licence

#### 15 When a licence can be suspended, cancelled or varied—grounds to suspend or cancel licence For paragraph 55(2)(e) of the Act, the following are matters that ASIC must have regard to: (a) a licensee failing to lodge an annual compliance certificate under section 53 of the Act; (b) a licensee lodging an annual compliance certificate that contains information that: (i) is false or misleading; or (ii) can not reasonably be believed to be true by the person signing the certificate under subsection 53(3) of the Act.