Commonwealth Numbered Acts

FINANCIAL SECTOR (SHAREHOLDINGS) ACT 1998No. 55, 1998 - SECT 16

(2) The Treasurer may, by written notice given to a person who holds an approval under section 14:

(a) impose one or more conditions or further conditions to which the approval is subject; or

(b) revoke or vary any condition:

(i) imposed under paragraph (a); or

(ii) specified in the notice of approval.

(3) The Treasurer's power under subsection (2) may be exercised:

(a) on the Treasurer's own initiative; or

(b) on application made to the Treasurer by the person who holds the approval.

(a) set out the person's reasons for making the application; and

(b) be accompanied by the prescribed fee.

Notification

(6) The Treasurer must arrange for a copy of a notice under subsection (2) to be:

(a) published in the Gazette ; and

(b) given to the financial sector company concerned.