283Amendment of registration imposed by regulator

283 Amendment of registration imposed by regulator

(1)  The regulator may, on its 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 subregulation (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 any amendment; or

(iii) to make a different amendment that results from consideration of any 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, if any, 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 (being 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 regulation 676 ). |