Turn the raw legal text into a practical explanation grounded in National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009.

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30 Statement of reasons A notice of suspension or cancellation given to a registered person must be accompanied by a statement of reasons for the action taken.

Previous section29Date of effect, notice and publication of variation, cancellation or suspension etc.Next section31ASIC may allow registration to continue in force

Section 30 - National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009 - Statement of reasons — Zoe