Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) If there is a change to a known consignor's operations resulting in the known consignor no longer carrying on business in accordance with the requirements of the known consignor's security program, the Secretary may issue a notice, in writing, to the known consignor in accordance with subregulation (2).
(2) The notice may propose one or more of the following actions:
(a) that the known consignor agree to restrict the known consignor's activities to those that are in accordance with the known consignor's security program;
(b) that the known consignor agree to the Secretary imposing a condition on the known consignor's approval as a known consignor relating to activities that are not in accordance with the known consignor's security program;
(c) that the known consignor agree to comply with a different known consignor security program;
(d) that the known consignor's approval as a known consignor be revoked.
(3) The known consignor must:
(a) notify the Secretary, in writing, of which, if any, of the actions proposed in the notice the known consignor will accept; and
(b) do so within 14 days of receiving the notice.
Note: The Secretary may revoke the known consignor's approval as a known consignor if the known consignor does not accept a proposed action, or if the known consignor accepts a proposed action but does not complete the action--see regulation 4.41X.
(4) If:
(a) the notice proposes that the known consignor's approval as a known consignor be revoked in accordance with paragraph (2)(d); and
(b) the known consignor accepts the proposed action;
the known consignor is taken to have requested the Secretary to revoke the known consignor's approval under regulation 4.41V.