Commonwealth Consolidated Acts

COMPETITION AND CONSUMER ACT 2010 - SECT 154ZV

  (1)   The Minister may, in writing, vary or revoke the approval if:

  (a)   the Minister has given the designated complainant a notice under subsection   (5) in relation to the variation or revocation; and

  (b)   14 business days have passed since that notice was given; and

  (c)   the Minister is satisfied that it is appropriate to make the variation or revocation.

  (2)   Paragraphs   (1)(a) and (b) do not apply if:

  (a)   the variation or revocation is in accordance with an application under subsection   154ZU(1); or

  (b)   in the case of a variation--the Minister is satisfied that the variation is of a minor or technical nature.

Considerations

  (3)   For the purposes of being satisfied that it is appropriate to make the variation or revocation, the Minister may have regard to the following matters:

  (a)   any matter mentioned in subsection   154ZQ(2) or (3);

  (b)   whether the designated complainant has contravened, or is contravening, a condition to which the approval is subject;

  (c)   any matter prescribed in the designated complaints determination;

  (d)   any other matter the Minister considers relevant.

Notice of proposed variation or revocation

  (4)   The Minister may give a designated complainant a notice in writing stating that the Minister is proposing to vary or revoke the designated complainant's approval.

  (5)   The notice must set out the following:

  (a)   the proposed variation or revocation;

  (b)   the reasons for the proposed variation or revocation;

  (c)   the day on which the proposed variation or revocation is to take effect (which must be at least 14 business days after the notice is given).