(1) Before cancelling a registration, the regulator must give the registration holder written notice—
(a) setting out the proposal to cancel the registration and the reasons for it; and
(b) advising the registration holder that the registration holder may make a submission to the regulator in relation to the proposed cancellation within a stated period (being not less than 28 days from the date of the notice).
(2) After the date stated in a notice under subsection (1), the regulator must—
(a) if the registration holder has made a submission in relation to the proposed cancellation—consider that submission; and
(b) whether or not the registration holder has made a submission, decide—
(i) to cancel the registration; or
(ii) not to cancel the registration; and
(c) within 14 days after making that decision, give the registration holder written notice that—
(i) states whether or not the registration is cancelled; and
(ii) if a submission was made in relation to the proposed cancellation—sets out the regulator's reasons for cancelling the registration; and
(iii) states the date on which the cancellation, if any, takes effect.
Note A decision to cancel a registration is a reviewable decision (see s 676).