s 22P
In forceCancellation of reporting transfer certificate
Part 3EReporting obligations of holders of reporting transfer certificates
Division 2Reporting transfer certificates
22P Cancellation of reporting transfer certificate
Scope
(1)
This section applies if a corporation is the holder of a reporting transfer certificate in relation to a facility.
Cancellation
(2)
The Regulator must, by written notice given to the corporation, cancel the certificate if the Regulator is satisfied that:
(a)
the corporation does not pass the reporting transfer test in relation to the facility concerned; or
(b)
the corporation has become a Chapter 5 body corporate; or
(c)
if the regulations specify one or more other grounds for cancellation—at least one of those grounds is applicable to the corporation.
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