117Grounds for cancellation of exemptions except on application

117 Grounds for cancellation of exemptions except on application

The grounds for cancellation of an exemption, except on application, are: (a) that the application for the exemption was false or misleading in a material respect; or (b) that a person to whom the exemption applies is no longer suitable to be a person to whom the exemption applies 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 not have been given if the change had happened before the exemption was given.