Regulator to give notice before varying, suspending or cancelling licences
36 Regulator to give notice before varying, suspending or cancelling licences
This section applies if:
the Regulator is proposing to take any of the following action:
vary a licence under subsection 34(1);
suspend or cancel a licence under subsection 35(1); and
the licence holder did not apply to the Regulator under subsection 34(3) or 35(2) to take that action.
The Regulator must, before taking the action:
give the licence holder a notice, in writing, inviting the licence holder to show cause, within a reasonable period specified in the notice, why the action should not be taken; and
consider any representations the licence holder makes to the Regulator within that period.
A notice given under subsection (2) is not a legislative instrument.
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