Document ID: chunk:federal_register_of_legislation:C2024C00559:clause:1_42
Version: federal_register_of_legislation:C2024C00559
Segment Type: clause
Provision Reference: sch 1 cl 42
Character Range: 85286–85975

42  Revocation of certificate of survey
 (1) The National Regulator must revoke a certificate of survey if:
 (a) an application for revocation of the certificate has been made under section 39; 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 survey 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.