102O

Revocation of exemption

In force

The

Commissioner may revoke an exemption granted under section 102L if—

(a)

the

Commissioner ceases to be satisfied that this Part applies to the exempted transaction; or

(b)

a party to the exempted transaction fails to comply with a condition under section 102N;

(c)

the

Commissioner becomes aware that—

(i)

any draft copies of instruments accompanying the application for the exemption differ in a material particular from the corresponding instruments submitted for assessment by the Commissioner; or

(ii)

the applicant for the exemption provided false or misleading information, or failed to provide relevant information, in support of the application.

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