15Revocation or suspension of licence at the instance of the Commission

15 Revocation or suspension of licence at the instance of the Commission

(1) The Commission may, under section 106 of the Act, suspend or revoke a licence held by a Commonwealth authority. (2) The Commission may, under section 106 of the Act, revoke, but may not suspend, a licence held by a licensed corporation. Notice to the licensee (3) If the Commission suspends or revokes a licence under section 106 of the Act, the Commission must give the licensee written notice: (a) stating that the Commission has suspended or revoked the licence under section 106 of the Act; and (b) stating the date of effect of the suspension or revocation; and (c) for notices relating to a suspension—state the period for which the licence is suspended; and (d) setting out the reasons for the suspension or revocation. Notice to be published (4) If the Commission revokes or suspends a licence under section 106 of the Act, the Commission must publish a notice in the Gazette or by notifiable instrument: (a) stating that the licence has been suspended or revoked under section 106 of the Act; and (b) stating the date of effect of the suspension or revocation; and (c) for a notice relating to a suspension—state the period of suspension.