(1) The regulator may, on its own initiative, amend a registration, including by amending the registration to:
(a) vary or delete a condition of the registration; or
(b) impose a new condition on the registration.
(2) Before amending a registration, the regulator must give the registration holder written notice:
(a) setting out the proposed amendment 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 amendment within a specified period (being not less than 28 days from the date of the notice).
(3) After the date specified in a notice under subregulation (2), the regulator must:
(a) if the registration holder has made a submission in relation to the proposed amendment--consider that submission; and
(b) whether or not the registration holder has made a submission--decide:
(i) to make the proposed amendment; or
(ii) not to make any amendment; or
(iii) to make a different amendment that results from consideration of any submission made by the registration holder; and
(c) within 14 days after making the decision--give the registration holder written notice that:
(i) sets out the proposed amendment, if any, or states that no amendment is to be made; and
(ii) if a submission was made in relation to the proposed amendment--sets out the regulator's reasons for making the amendment; and
(iii) specifies the date (being not less than 28 days after the registration holder is given the notice) on which the amendment, if any, takes effect.
Note: A decision to amend a registration is a reviewable decision (see
regulation 676).