Amendment of registration imposed by regulator
283 Amendment of registration imposed by regulator
The regulator may, on its own initiative, amend a registration, including by amending the registration to—
vary or delete a condition of the registration; or
impose a new condition on the registration.
Before amending a registration, the regulator must give the registration holder written notice—
setting out the proposed amendment and the reasons for it; and
advising the registration holder that the registration holder may make a submission to the regulator in relation to the proposed amendment within a stated period (being not less than 28 days from the date of the notice).
After the date stated in a notice under subsection (2), the regulator must—
if the registration holder has made a submission in relation to the proposed amendment—consider that submission; and
whether or not the registration holder has made a submission—decide—
to make the proposed amendment; or
not to make any amendment; or
to make a different amendment that results from consideration of any submission made by the registration holder; and
within 14 days after making that decision, give the registration holder written notice that—
sets out the amendment, if any, or states that no amendment is to be made; and
if a submission was made in relation to the proposed amendment—sets out the regulator’s reasons for making the amendment; and
states 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 s 676).
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