Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 837

Opportunity for hearing

(1) ASIC must not:

refuse, otherwise than by virtue of section 836 or subsection 839(1), an application for a licence; 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 824, 825 or 825A or paragraph 827(1)(a); or

make, otherwise than by virtue of paragraph 828(a) or (d) or 829(a), (b) or (c), an order under section 830 against a person; or

make under subsection 831(2) an order varying a banning order against a person; or

refuse an application by a person under section 832;

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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