Notice and effect of amendment, suspension or cancellation of allocations
87 Notice and effect of amendment, suspension or cancellation of allocations
If the chief executive amends, suspends or cancels an allocation notice, written notice and particulars of the amendment, suspension or cancellation must be given to the allocation holder.
The notice must state the decision and the reasons for it.
An amendment takes effect from the day the notice is given.
If the chief executive suspends the allocation notice, it is ineffective during the period of suspension.
The suspension—
may be for the period the chief executive decides; and
has effect from—
the day the notice is given; or
if a later day is stated in the notice—the stated day.
If the chief executive cancels the allocation notice, it ceases to have effect from—
the day the notice is given; or
if a later day is stated in the notice—the stated day.
The amendment, suspension or cancellation does not give the holder a right to compensation for any loss or damage arising from the amendment, suspension or cancellation.
This Act’s bill:Explanatory memorandum
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