Document ID: chunk:federal_register_of_legislation:F2024L01750:reg:102
Version: federal_register_of_legislation:F2024L01750
Segment Type: reg
Provision Reference: reg 102
Character Range: 124047–124809

102  Revocation of approval to access and deal with Register account
 (1) The Regulator may revoke an approval granted under section 101 to an authorised representative of the holder of a Register account if the Regulator is no longer satisfied that the representative is a fit and proper person.
 (2) As soon as practicable after revoking the approval, the Regulator must:
 (a) notify the holder of the Register account of the decision and the reasons for the decision; and
 (b) if the holder is not an individual and there are no other authorised representatives of the holder for the Register account—require the holder to nominate, under section 99, another authorised representative for the account.

Subdivision G—Correction and rectification of Register