Regulator may vary or revoke a disqualification
43 Regulator may vary or revoke a disqualification
The Regulator may vary or revoke a disqualification made under section 42 on its own initiative or on application by the disqualified person.
A decision to vary or revoke a disqualification, or to refuse to vary or revoke a disqualification, is a reviewable decision (see Part 5 of this Chapter).
A variation or revocation of a disqualification takes effect on the day on which it is made.
The Regulator must give written notice of:
a variation or revocation of a disqualification; or
a refusal to vary or revoke the disqualification;
to the disqualified person and to each person to whom the Regulator was required by subsection 42(3) to given notice of the disqualification.
A notice under subsection (3) is not a legislative instrument.
This Act’s bill:Explanatory memorandumSecond reading speech
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