Document ID: chunk:federal_register_of_legislation:C2024C00559:clause:1_50
Version: federal_register_of_legislation:C2024C00559
Segment Type: clause
Provision Reference: sch 1 cl 50
Character Range: 91478–92343

50  Variation of certificate of operation
 (1) The National Regulator must vary a certificate of operation if:
 (a) an application for variation of the certificate has been made under section 49; and
 (b) the National Regulator is satisfied that the criteria prescribed by the regulations in relation to the variation are met.
 (2) The National Regulator may vary a certificate of operation on the National Regulator's initiative if the National Regulator is satisfied that:
 (a) the criteria prescribed by the regulations in relation to variation 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 vary a certificate of operation to impose a condition on the certificate or to vary or revoke such a condition.