283Amendment of registration imposed by regulator

283 Amendment of registration imposed by regulator

283 Amendment of registration imposed by regulator

(1) The regulator may, on the regulator’s own initiative, amend a registration, including by amending the registration to—

(a) vary or delete a condition of the registration, or

(b) impose a new condition on the registration.

(2) Before amending a registration, the regulator must give the registration holder written notice—

(a) setting out the proposed amendment and the reasons for it, and

(b) advising the registration holder that the registration holder may make a submission to the regulator in relation to the proposed amendment within a specified period, being not less than 28 days from the date of the notice.

(3) After the date specified in a notice under subsection (2), the regulator must—

(a) if the registration holder has made a submission in relation to the proposed amendment—consider that submission, and

(b) whether or not the registration holder has made a submission—decide—

(i) to make the proposed amendment, or

(ii) not to make an amendment, or

(iii) to make a different amendment that results from consideration of a submission made by the registration holder, and

(c) within 14 days after making that decision, give the registration holder written notice that—

(i) sets out the amendment or states that no amendment is to be made, and

(ii) if a submission was made in relation to the proposed amendment—sets out the regulator’s reasons for making the amendment, and

(iii) specifies the date, not less than the 28 days after the registration holder is given the notice, on which the amendment, if any, takes effect.

Note—

A decision to amend a registration is a reviewable decision—see section 676.