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TRADEX SCHEME ACT 1999 - SECT 19
Revocation of tradex order following notice given to Secretary under section 15 or given by Secretary under section 16
- (1)
- If:
- (a)
- the holder of a tradex order has given a notice to the Secretary under
section 15; or
- (b)
- a notice is given to the holder of a tradex order under section 16 and the
holder does not satisfy the Secretary, within the period stated in the notice,
that the circumstances specified in the notice:
- (i)
- do not exist; or
- (ii)
- if they existare not disqualifying circumstances;
the Secretary must revoke the order.
- Note: For the right to have a decision revoking a tradex order under this
section reconsidered, see section 39.
- (2)
- The revocation of a tradex order under this section must be in writing
signed by the Secretary and comes into force on a date stated in the
instrument of revocation.
- (3)
- The Secretary must cause a written notice of his or her decision to revoke
the order to be given to the holder of the order.
- (4)
- The notice of the decision must:
- (a)
- state the day on which the revocation comes into force; and
- (b)
- set out the Secretary's findings on material questions of fact; and
- (c)
- refer to the evidence or other material on which those findings were
based; and
- (d)
- give the reasons for the decision.
- (5)
- If a tradex order is revoked under this section, the Secretary must cause
to be entered in the Register a statement that the order has been revoked and
the date on which the revocation comes into force.
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