50HContent of prohibition notice

50H Content of prohibition notice

A prohibition notice must—

(a) specify the grounds on which the notice is given; and

(b) state the name of the regulated person to whom the notice is given and, if known, the person's address; and

(c) specify—

(i) the activity that the regulated person is prohibited from engaging in; or

(ii) the action that the regulated person must take; and

(d) specify the period within which—

(i) the activity is prohibited; or

(ii) the action must be taken; and

(e) include information about the regulated person's right to seek review of the Secretary's or authorised officer's decision to—

(i) give the prohibition notice to the person; or

(ii) give a notice to the person—

(A) amending or revoking an activity specified in the prohibition notice that the regulated person is prohibited from engaging in; or

(B) amending or revoking an action specified in the prohibition notice that the regulated person must take; or

(C) amending the period specified in the prohibition notice within which the regulated person is prohibited from engaging in the activity or must take the action specified in the notice; and

(f) state that the notice does not affect any criminal proceeding for an offence against a provision of this Act or the regulations constituted by conduct or circumstances in respect of which the notice is given; and

(g) state that it is an offence to contravene the notice without reasonable excuse and that the maximum penalty for the offence is 120 penalty units in the case of a natural person or 600 penalty units in the case of a body corporate; and

(h) include any prescribed information.

S. 50I inserted by No. 39/2024 s. 101.