Document ID: chunk:federal_register_of_legislation:C2023C00275:clause:2_22
Version: federal_register_of_legislation:C2023C00275
Segment Type: clause
Provision Reference: sch 2 cl 22
Character Range: 81514–82139

22  Suspension or cancellation for failure to apply for a licence when directed by ASIC
(1) ASIC may give a written notice to a registered person, directing the person to apply for a licence by a day specified in the notice (which must be at least 28 days after the day the notice is given). ASIC may extend the day by giving a written notice to the person.
(2) If the person does not apply for the licence in accordance with section 36 of the National Credit Act by the day specified in the notice, ASIC may suspend or cancel the person's registration.
(3) A notice given under subitem (1) is not a legislative instrument.