164DTaking regulatory action

164D Taking regulatory action (1) This section applies if the regulator, after complying with section 164C, is satisfied on reasonable grounds that it is appropriate to take the regulatory action. (2) The regulator may— (a) if the proposed regulatory action is including, amending or revoking a condition on a licence—include, amend or revoke the condition; or (b) if the proposed regulatory action is suspending a licence—take any of the following action: (i) the action mentioned in paragraph (a); (ii) suspend the licence for a period; or (c) if the proposed regulatory action is disqualifying a licensee from applying for a further licence—take any of the following action: (i) the action mentioned in paragraph (b); (ii) disqualify the licensee from applying for a further licence for a period; or (d) if the proposed regulatory action is cancelling a licence—take any of the following action: (i) the action mentioned in paragraph (c); (ii) cancel the licence. Note A decision under s (2) is a reviewable decision (see ch 12 and Workers Compensation Regulation 2002, sch 3, pt 3.1). (3) Before taking regulatory action against a licensee under this section, the regulator must tell the licensee, by written notice (a notice of regulatory action)— (a) the regulatory action that will be taken; and (b) the day on which the regulatory action takes effect. (4) Regulatory action against the licensee takes effect on the day stated in the notice of regulatory action. proposed regulatory action, in relation to a licensee, means regulatory action mentioned in a show cause notice given to the person under section 164C (1).