283—Amendment of registration imposed by regulator
(1) The regulator may,
on its own initiative, amend a registration, including by amending the
registration to—
(a) vary
or delete a condition of the registration; or
(b)
impose a new condition on the registration.
(2) Before amending a
registration, the regulator must give the registration holder written
notice—
(a)
setting out the proposed amendment and the reasons for it; and
(b)
advising the registration holder that the registration holder may make a
submission to the regulator in relation to the proposed amendment within a
specified period (being not less than 28 days from the date of the notice).
(3) After the date
specified in the notice under subregulation (2), the regulator
must—
(a) if
the registration holder has made a submission in relation to the proposed
amendment—consider that submission; and
(b)
whether or not the registration holder has made a
submission—decide—
(i)
to make the proposed amendment; or
(ii)
not to make any amendment; or
(iii)
to make a different amendment that results from
consideration of any submission made by the registration holder; and
(c)
within 14 days after making that decision, give the registration holder a
written notice that—
(i)
sets out the amendment, if any, or states that no
amendment is to be made; and
(ii)
if a submission was made in relation to the proposed
amendment—sets out the regulator's reasons for making the amendment; and
(iii)
specifies the date (being not less than 28 days
after the registration holder is given the notice) on which the amendment, if
any, takes effect.
Note—
A decision to amend a registration is a reviewable decision (see
regulation 676).