The Commission may cancel the registration of a registered party under section 161(3) only if the Commission has:
(a) given public notice stating the following:
(i) the Commission proposes to cancel the registration of the party; and
(ii) written objections to the proposed cancellation may be made to the Commission within 14 days after publication of the notice;
(b) given the registered officer or last registered officer of the party a written notice stating the following:
(i) the Commission proposes to cancel the registration of the party;
(ii) the reasons for the proposed cancellation;
(iii) written objections to the proposed cancellation may be made to the Commission within the time mentioned in paragraph (a)(ii); and
(c) considered the objections made in accordance with the notices under paragraphs (a) and (b).