288CCancellation process

288C Cancellation process

288C Cancellation process

(1) Before cancelling a registration, the regulator must give the registration holder written notice—

(a) setting out the proposal to cancel the registration 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 cancellation within a specified period, being not less than 28 days from the date of the notice.

(2) After the date specified in a notice under subsection (1), the regulator must—

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

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

(i) to cancel the registration, or

(ii) not to cancel the registration, and

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

(i) states whether or not the registration is cancelled, and

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

(iii) specifies the date on which the cancellation, if any, takes effect.

Note—

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