(1) The CEO may, by
notice in writing given to the holder of an exemption, require the person to
return the exemption to the CEO within a period specified in the notice
if —
(a) the
exemption has expired or has been revoked; or
(b) the
Minister or the CEO has exercised a power under section 7(6)(b) of the
Act to delete, vary or add to any conditions imposed in relation to the
exemption.
(2) A person must not,
without reasonable excuse, refuse or fail to comply with a requirement made
under subregulation (1).
Penalty: In the case of an individual, $5 000
or, in the case of a body corporate, $10 000.
[Regulation 7 amended: Gazette
6 Jul 2007 p. 3389.]