s 41
In forceApplicant must be given hearing before refusal of licence
Volume 1Chapters 1 to 6 (sections 1 to 322)
Chapter 2Licensing of persons who engage in credit activities
Part 2-1Requirement to be licensed to engage in credit activities
41 Applicant must be given hearing before refusal of licence
ASIC may only refuse to grant a licence after giving the person who applied for the licence an opportunity:
(a)
to appear, or be represented, at a hearing before ASIC that takes place in private; and
(b)
to make submissions to ASIC in relation to the refusal.
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