Document ID: chunk:federal_register_of_legislation:C2017A00045:clause:1_1291a
Version: federal_register_of_legislation:C2017A00045
Segment Type: clause
Provision Reference: sch 1 cl 1291A
Character Range: 9168–9867

1291A  Notice of suspension or cancellation

Application of this section
 (1) This section applies if ASIC decides under section 1291 to suspend or cancel the registration of a person as an auditor.

ASIC must give notice of decision
 (2) ASIC must, within 10 business days after making the decision, give a written notice setting out the decision, and the reasons for the decision.

When decision comes into effect
 (3) The decision comes into effect on the day after the notice is given to the person.

Failure to give notice does not affect validity of decision
 (4) A failure by ASIC to give the notice under subsection (2) within 10 business days does not affect the validity of the decision.