22PCancellation of reporting transfer certificate

22P Cancellation of reporting transfer certificate

Scope (1) This section applies if a corporation is the holder of a reporting transfer certificate in relation to a facility. Cancellation (2) The Regulator must, by written notice given to the corporation, cancel the certificate if the Regulator is satisfied that: (a) the corporation does not pass the reporting transfer test in relation to the facility concerned; or (b) the corporation has become a Chapter 5 body corporate; or (c) if the regulations specify one or more other grounds for cancellation—at least one of those grounds is applicable to the corporation.