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National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
31ASIC may allow registration to continue in force
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31 ASIC may allow registration to continue in force
(1) If ASIC gives a written notice of suspension or cancellation to a registered person, ASIC may include in the notice terms specifying that the registration continues in force as though the suspension or cancellation had not happened for the purposes of specified provisions of this Schedule in relation to specified matters, a specified period, or both.
(2) If ASIC includes terms in a notice under subitem (1), the registration continues in force in accordance with the terms of the notice.
Part 4—Application of other provisions of the National Credit Act in relation to registered persons and this Schedule