(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
specified period (being not less than 28 days from the date of the notice).
(2) After the date
specified in a notice under subregulation (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)
specifies the date (being not less than the 28 days after
the registration holder is given the notice) on which the cancellation, if
any, takes effect.
Note—
A decision to cancel a registration is a reviewable decision (see
regulation 676).