sec.447Decision on proposed action

### sec.447 Decision on proposed action If, after considering any written representations made within the time allowed under section 445 or 446 , the chief executive still considers the proposed action should be taken, the chief executive may— if the proposed action was to amend the approval or exemption—amend the approval or exemption; or if the proposed action was to suspend the approval or exemption—suspend the approval or exemption for no longer than the period stated in the notice under section 445 or 446 ; or if the proposed action was to cancel the approval or exemption—amend or cancel the approval or exemption, or suspend the approval or exemption for a period. The chief executive must give written notice of the chief executive’s decision to— for an approval or exemption, other than a class exemption—the holder; or for a class exemption—the class representative for the exemption. If the chief executive decides to amend, suspend or cancel the approval or exemption, the notice must state the reasons for the decision and be accompanied by an information notice. The decision takes effect on the day notice is given under subsection (2) or a later day stated in the notice. s 447 ins 2001 No. 79 s 34 (sec.447-ssec.1) If, after considering any written representations made within the time allowed under section 445 or 446 , the chief executive still considers the proposed action should be taken, the chief executive may— if the proposed action was to amend the approval or exemption—amend the approval or exemption; or if the proposed action was to suspend the approval or exemption—suspend the approval or exemption for no longer than the period stated in the notice under section 445 or 446 ; or if the proposed action was to cancel the approval or exemption—amend or cancel the approval or exemption, or suspend the approval or exemption for a period. (sec.447-ssec.2) The chief executive must give written notice of the chief executive’s decision to— for an approval or exemption, other than a class exemption—the holder; or for a class exemption—the class representative for the exemption. (sec.447-ssec.3) If the chief executive decides to amend, suspend or cancel the approval or exemption, the notice must state the reasons for the decision and be accompanied by an information notice. (sec.447-ssec.4) The decision takes effect on the day notice is given under subsection (2) or a later day stated in the notice. - (a) if the proposed action was to amend the approval or exemption—amend the approval or exemption; or - (b) if the proposed action was to suspend the approval or exemption—suspend the approval or exemption for no longer than the period stated in the notice under section 445 or 446 ; or - (c) if the proposed action was to cancel the approval or exemption—amend or cancel the approval or exemption, or suspend the approval or exemption for a period. - (a) for an approval or exemption, other than a class exemption—the holder; or - (b) for a class exemption—the class representative for the exemption.