288CCancellation 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 subregulation (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 regulation 676 ). |