17Revocation of approval

#### 17 Revocation of approval (1) The Minister may revoke an approval of a borrowing institution by notice given to the institution and published on the Department’s website if the Minister is satisfied: (a) that there has been: (i) a contravention of a regulation involving the institution; or (ii) a contravention of any conditions on the approval; or (b) that the approval should be revoked, having regard to the matters described in paragraphs 15(2)(a), (b), (c), (d), (e) and (f) and any other relevant matters. (2) A notice under subsection (1) is not a legislative instrument.