(1) Before cancelling
a registration, the regulator must give the registration holder written
notice —
(a)
setting out the proposal to cancel the registration 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 cancellation within a
specified period (being not less than 28 days from the date of the
notice).
(2) After the date
specified in a notice under subregulation (1), the regulator
must —
(a) if
the registration holder has made a submission in relation to the proposed
cancellation — consider that submission; and
(b)
whether or not the registration holder has made a submission,
decide —
(i)
to cancel the registration; or
(ii)
not to cancel the registration;
and
(c)
within 14 days after making that decision, give the registration holder
written notice that —
(i)
states whether or not the registration is cancelled; and
(ii)
if a submission was made in relation to the proposed
cancellation — sets out the regulator’s reasons for
cancelling the registration; and
(iii)
specifies the date on which the cancellation, if any,
takes effect.
Note for this subregulation:
A decision to cancel a
registration is a reviewable decision (see regulation 676).