Document ID: chunk:federal_register_of_legislation:C2024C00559:clause:1_52
Version: federal_register_of_legislation:C2024C00559
Segment Type: clause
Provision Reference: sch 1 cl 52
Character Range: 93809–94745

52  Revocation of certificate of operation
 (1) The National Regulator must revoke a certificate of operation if:
 (a) an application for revocation of the certificate has been made under section 49; and
 (b) the National Regulator is satisfied that the criteria prescribed by the regulations in relation to revocation on application are met.
 (2) The National Regulator may revoke a certificate of operation on the National Regulator's initiative if the National Regulator is satisfied that:
 (a) the criteria prescribed by the regulations in relation to revocation on the initiative of the National Regulator are met; and
 (b) it is desirable to do so, having regard to the objects of this Law.
 (3) Without limiting subsections (1) and (2), the National Regulator may revoke a certificate of operation if the National Regulator is satisfied that the holder of the certificate is not a fit and proper person to hold the certificate.