34Notice of proposed regulatory action

34 Notice of proposed regulatory action (1) The registrar may propose to take regulatory action (the proposed regulatory action) against a licensee if satisfied a ground for regulatory action exists in relation to the licensee. (2) If the registrar proposes to take regulatory action against a licensee, the registrar must give the licensee a written notice (a show cause notice) that states— (a) the grounds on which the registrar considers regulatory action may be taken against the licensee; and (b) details of the proposed regulatory action; and (c) that the licensee may give the registrar a written submission about the proposed regulatory action not later than 28 days after the day the licensee is given the notice.