Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1200

Opportunity for hearing

(1) ASIC must not:

refuse an application for a licence on the ground, or grounds including the ground, that paragraph 1144A(2)(d), (e) or (f) or 1145(2)(e) or (f) does not apply in relation to the applicant; or

impose conditions on a licence; or

vary the conditions of a licence; or

revoke or suspend a licence otherwise than by virtue of section 1189A or 1190 or paragraph 1192(1)(a); or

make, otherwise than by virtue of paragraph 1192A(a) or (d) or 1193(a),
or (c), an order under section 1194 against a person; or

make under subsection 1195(2) an order varying a banning order against a person; or

refuse an application by a person under section 1196;

unless ASIC complies with subsection (2) of this section.

(2) ASIC must give the applicant, licensee or person, as the case may be, an opportunity:

to appear at a hearing before ASIC that takes place in private; and

to make submissions and give evidence to ASIC in relation to the matter.

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