(1) The Authority may, by written notice given to a changed company, request the company to provide further information about the change in order to enable the Authority to properly consider the matters in section 127.
(2) The Authority may, by written notice given to the changed company, suspend or revoke the permission held by the changed company, or modify the conditions of the permission, if the information is not provided to the Authority before the end of:
(a) 20 business days after receiving the notice; or
(b) if the Authority extends that period in accordance with section 253--that extended period.
(3) Before suspending or revoking the permission, or modifying the conditions of the permission, the Authority must:
(a) give the company notice in writing of the facts and circumstances that, in the opinion of the Authority, justify suspending or revoking the permission, or modifying the conditions of the permission; and
(b) include in the notice a statement that the holder may, within 20 business days after the date of the notice (or any longer period specified in the notice), provide reasons to the Authority why the permission should not be suspended or revoked, or the conditions should not be modified.
(4) In deciding whether or not to suspend or revoke the permission, or modify the conditions of the permission, the Authority must consider any reasons provided by the permission holder in accordance with the notice.