Document ID: chunk:federal_register_of_legislation:C2025C00185:section:914b:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 914B (pt 2/2)
Character Range: 3711690–3712329

(7) To avoid doubt, subsection (9) does not apply to an application that is taken to have been withdrawn under subsection (6).
 (8) The regulations may make provision in relation to audit reports that applicants may be requested to lodge under paragraph (3)(b).

Applicant must be given hearing before refusal of application
 (9) ASIC may only refuse to grant the application after giving the applicant an opportunity:
 (a) to appear, or be represented, at a hearing before ASIC that takes place in private; and
 (b) to make submissions to ASIC in relation to the matter.

Subdivision C—When a licence can be varied, suspended or cancelled