Notice of suspension or cancellation
40-35 Notice of suspension or cancellation
Application of this section
This section applies if the Inspector‑General decides under section 40‑25 or 40‑30 to suspend or cancel the registration of a person as a trustee.
Inspector‑General must give notice of decision
The Inspector‑General must, within 10 business days after making the decision, give the person a written notice setting out the decision, and the reasons for the decision.
When decision comes into effect
The decision comes into effect on the day after the notice is given to the person.
Failure to give notice does not affect validity of decision
A failure by the Inspector‑General to give the notice under subsection (2) within 10 business days does not affect the validity of the decision.
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