(1) On written application by an assessment entity, the director-general must revoke the approval of the entity if the director-general is satisfied that it is appropriate to revoke the approval.
(2) The director-general may revoke the approval of an assessment entity on the director-general's own initiative if the director-general—
(a) is satisfied that 1 or more of the following applies:
(i) the entity has failed to comply with the conditions of its approval;
(ii) the entity knowingly or recklessly used false or misleading information to become an assessment entity;
(iii) the entity has stopped being eligible to hold an approval;
(iv) the entity has contravened this Act;
(v) the entity has failed to comply with the conditions of an approval granted under a relevant law for the entity to conduct an assessment scheme (however described) in that jurisdiction;
(vi) the entity has contravened a relevant law when conducting an assessment scheme (however described) in that jurisdiction; and
(b) has given the entity a written notice that—
(i) states that the director-general proposes to revoke the approval; and
(ii) states the reason the director-general proposes to revoke the approval; and
(iii) tells the entity that it may give a written response to the director-general about the matters stated in the notice not later than 28 days after the entity receives the notice; and
(c) has considered any response given in accordance with paragraph (b) (iii); and
(d) is satisfied that it is appropriate to revoke the approval.
(3) Revocation of an approval takes effect—
(a) for a revocation under subsection (1)—
(i) 90 days after the day the revocation is notified; or
(ii) if a later date is stated in the revocation—on that date; or
(b) for a revocation under subsection (2)—on the day stated in the revocation.
(4) A revocation is
a notifiable instrument.