116Grounds for variation of exemptions except on application

116 Grounds for variation of exemptions except on application

The grounds for variation of an exemption, except on application, are: (a) that the application for the exemption was false or misleading in a material respect but the circumstances do not require its cancellation; or (b) that a person to whom the exemption applies is no longer suitable to be a person to whom the exemption applies without variation because the person has contravened the Act, these Regulations or a corresponding law; or (c) that: (i) since the exemption was given, a change has happened in relation to something the Authority must consider in deciding whether to give an exemption of that kind; and (ii) the exemption would have been given as it is proposed to be varied if the change had happened before the exemption was given.