Grounds for suspension or cancellation
142ZA Grounds for suspension or cancellation
The commissioner may suspend or cancel a person’s approval as an approved manager if the commissioner believes on reasonable grounds—
the approval was granted in error or because of a materially false or fraudulent document, statement or representation; or
the holder of the approval is not, or is no longer, a suitable person to hold the approval; or
the holder has been convicted of an offence against this Act; or
the holder has contravened a provision of this Act (being a provision a contravention of which is not an offence against this Act).
For forming a belief that the ground mentioned in subsection (1)(b) exists, the commissioner may have regard to the matters, mentioned in section 142R(3), to which the commissioner may have regard in deciding whether a proposed holder of an approval as an approved manager is a suitable person to hold the approval.
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