Document ID: chunk:federal_register_of_legislation:C2004A00620:clause:1_137b
Version: federal_register_of_legislation:C2004A00620
Segment Type: clause
Provision Reference: sch 1 cl 137B
Character Range: 4853–5858

137B  Power of Minister to cancel approval as a business sponsor

 (1) The Minister may cancel an approval of a person as a business sponsor if the Minister is satisfied that a prescribed ground for cancelling the approval applies to the person.

 (2) To avoid doubt, a matter may constitute a ground for cancelling an approval of a person as a business sponsor:
 (a) whether or not the Minister became aware of the matter because of information given by the person; and
 (b) if the matter is an act or omission by the person—whether the act or omission was deliberate or inadvertent.

 (3) If the Minister may, under subsection (1), cancel an approval of a person as a business sponsor, the Minister must do so if there exist prescribed circumstances in which the approval must be cancelled.

 (4) To avoid doubt, the cancellation under subsection (1) of an approval of a person as a business sponsor terminates the approval in the same way as the revocation of such an approval under the regulations.