(1) The regulator must give written notice of the amendment or cancellation of an exemption, within 14 days after making the decision to amend or cancel the exemption, to:
(a) if a person applied for the exemption--the applicant; or
(b) if the regulator granted the exemption on its own initiative--each person (other than persons to subregulation (2) applies) to whom the exemption applies.
(2) A notice that affects a class of persons is a legislative instrument.
Note: The amendment or cancellation takes effect in accordance with the Legislation Act 2003 .
(3) An notice that affects one person is not a legislative instrument.
(4) An amendment or cancellation that affects one person takes effect on the giving of the notice to the applicant under subregulation (1) or on a later date specified in the notice.