sec.149Amending or cancelling commissioner’s exemption

sec.149 Amending or cancelling commissioner’s exemption

The commissioner may amend a commissioner’s exemption (including any conditions of the exemption), or cancel the exemption, by written notice to the holder of the exemption. Each of the following is a ground for cancelling the exemption— the exemption was issued in error; the exemption was obtained because of a document or representation that is false or misleading or obtained or made in another improper way; the holder of the exemption contravenes a condition of the exemption. Before making an amendment of the exemption, the commissioner must— give the holder written notice— of the proposed amendment; and that the holder may make written submissions to the commissioner about the proposed amendment before a stated day, not earlier than 21 days after the notice is given to the holder; and have regard to submissions made to the commissioner by the holder before the stated day. The amendment or cancellation takes effect on the day the notice amending or cancelling the exemption is given to the holder or, if a later day is stated in the notice, on the stated day. (sec.149-ssec.1) The commissioner may amend a commissioner’s exemption (including any conditions of the exemption), or cancel the exemption, by written notice to the holder of the exemption. (sec.149-ssec.2) Each of the following is a ground for cancelling the exemption— the exemption was issued in error; the exemption was obtained because of a document or representation that is false or misleading or obtained or made in another improper way; the holder of the exemption contravenes a condition of the exemption. (sec.149-ssec.3) Before making an amendment of the exemption, the commissioner must— give the holder written notice— of the proposed amendment; and that the holder may make written submissions to the commissioner about the proposed amendment before a stated day, not earlier than 21 days after the notice is given to the holder; and have regard to submissions made to the commissioner by the holder before the stated day. (sec.149-ssec.4) The amendment or cancellation takes effect on the day the notice amending or cancelling the exemption is given to the holder or, if a later day is stated in the notice, on the stated day.

• (a) the exemption was issued in error;
• (b) the exemption was obtained because of a document or representation that is false or misleading or obtained or made in another improper way;
• (c) the holder of the exemption contravenes a condition of the exemption.
• (a) give the holder written notice— (i) of the proposed amendment; and (ii) that the holder may make written submissions to the commissioner about the proposed amendment before a stated day, not earlier than 21 days after the notice is given to the holder; and
• (i) of the proposed amendment; and