Document ID: chunk:federal_register_of_legislation:C2024C00559:clause:1_64
Version: federal_register_of_legislation:C2024C00559
Segment Type: clause
Provision Reference: sch 1 cl 64
Character Range: 103541–104481

64  Revocation of certificate of competency
 (1) The National Regulator must revoke a certificate of competency if:
 (a) an application for revocation of the certificate has been made under section 61; 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 competency 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 competency if the National Regulator is satisfied that the holder of the certificate is not a fit and proper person to hold the certificate.