34Revocation of approval

34 Revocation of approval (1) On written application by an assessment entity, the director-general must revoke the approval of the entity if the director-general is satisfied that it is appropriate to revoke the approval. (2) The director-general may revoke the approval of an assessment entity on the director-general’s own initiative if the director-general— (a) is satisfied that 1 or more of the following applies: (i) the entity has failed to comply with the conditions of its approval; (ii) the entity knowingly or recklessly used false or misleading information to become an assessment entity; (iii) the entity has stopped being eligible to hold an approval; (iv) the entity has contravened this Act; (v) the entity has failed to comply with the conditions of an approval granted under a relevant law for the entity to conduct an assessment scheme (however described) in that jurisdiction;