Document ID: chunk:federal_register_of_legislation:C2025C00185:section:915c:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 915C (pt 2/2)
Character Range: 3725386–3725966

by the licensee under paragraph 914A(2)(b) in relation to the licence:
 (i) was false in a material particular or materially misleading; or
 (ii) omitted a material matter.
 (3) An Australian financial services licence is suspended or cancelled by ASIC giving written notice to the licensee.
 (4) However, ASIC may only suspend or cancel an Australian financial services licence under this section after giving the licensee 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 on the matter.