Document ID: chunk:federal_register_of_legislation:C2024A00091:section:145
Version: federal_register_of_legislation:C2024A00091
Segment Type: section
Provision Reference: s 145
Character Range: 170264–171056

145  Regulator to give notice before varying or revoking exemption
 (1) This section applies if:
 (a) the Regulator is proposing to vary or revoke an exemption in relation to a specified person under subsection 144(1), including by varying or revoking a condition imposed under subsection 144(3); and
 (b) the person did not apply to the Regulator under subsection 144(2)(a) for the variation or revocation.
 (2) The Regulator must, before taking the action:
 (a) give the person a notice, in writing, inviting the person to show cause, within a reasonable period specified in the notice, why the action should not be taken; and
 (b) consider any representations the person makes to the Regulator within that period.
 (3) A notice given under subsection (2) is not a legislative instrument.