Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe following is a simplified outline of this Division:
The Commissioner may revoke an entity's registration under this Act if the Commissioner reasonably believes that any of certain conditions exist. These conditions include the following:
(a) the entity not being entitled to registration;
(b) the entity contravening this Act or not complying with a governance standard or external conduct standard;
( c ) the entity providing information that was false or misleading in a material particular in its application for registration;
( d ) the entity requesting that the Commissioner revoke the registration .
The Commissioner must consider a range of factors before revoking a registered entity's registration under this Act .
If the Commissioner believes on reasonable grounds that a registered entity is not entitled to be registered, the Commissioner may give a show cause notice to the entity.