Credit (Administration) Act 1984

Despite anything in this Act, on and after the referral day the Commissioner is not to impose, vary or revoke conditions or restrictions subject to which a licence is to be held.

The Commissioner may —

upon the granting of an application for a licence and at any other time, impose conditions or restrictions subject to which the licence is to be held; and

upon application or of its own motion, at any time vary or revoke any of those conditions or restrictions.

A licence is subject to —

any prescribed conditions and restrictions; and

any conditions and restrictions in force under subsection (1).

The Commissioner shall not impose conditions or restrictions to which a licence is to be subject, or vary conditions or restrictions to which the licence is subject, unless the Commissioner has first afforded the applicant for, or, as the case may be, the holder of, the licence an opportunity to make written submissions with respect to the conditions or restrictions proposed to be imposed or varied.