46CAmending exemption certificates

#### 46C Amending exemption certificates (1) The Regulator may amend an exemption certificate if the person to whom the certificate is issued requests, in writing, an amendment. (2) In deciding whether to amend an exemption certificate under subsection (1), the Regulator: (a) must have regard to the matters prescribed by the regulations; and (b) may have regard to any other matter that it considers relevant. (3) The Regulator may also amend an exemption certificate on its own initiative in circumstances prescribed by the regulations. (4) If the Regulator refuses to amend an exemption certificate upon a request by a person, the Regulator must notify the person accordingly. > Note: An amendment of an exemption certificate under this section may also result in the Regulator issuing an assessment under section 48 or 48B or amending an assessment under section 49.