sec.90Variation of conditions and restrictions

sec.90 Variation of conditions and restrictions

A registered person may, at any time, apply to the Regulator for a variation of a condition or restriction imposed by the Regulator to which the registration is subject. An application for variation of a condition or restriction must be made as if it were an application for variation of registration (and section 87 applies accordingly). The Regulator must consider the application and, if satisfied as to the matters referred to in section 86 (so far as they are applicable to the proposed variation), notify the registered person in accordance with the provisions of this Division applicable to a grant of registration (so far as is practicable), that the variation has been granted or refused. Notification under subsection (3) that a variation has been refused must include the reasons for the decision to refuse to grant the variation and information about the right of review under Part 7 . (sec.90-ssec.1) A registered person may, at any time, apply to the Regulator for a variation of a condition or restriction imposed by the Regulator to which the registration is subject. (sec.90-ssec.2) An application for variation of a condition or restriction must be made as if it were an application for variation of registration (and section 87 applies accordingly). (sec.90-ssec.3) The Regulator must consider the application and, if satisfied as to the matters referred to in section 86 (so far as they are applicable to the proposed variation), notify the registered person in accordance with the provisions of this Division applicable to a grant of registration (so far as is practicable), that the variation has been granted or refused. (sec.90-ssec.4) Notification under subsection (3) that a variation has been refused must include the reasons for the decision to refuse to grant the variation and information about the right of review under Part 7 .