Document ID: chunk:federal_register_of_legislation:F2023C00483:reg:16
Version: federal_register_of_legislation:F2023C00483
Segment Type: reg
Provision Reference: reg 16
Character Range: 13772–14960

16  Suspected breach of condition
       (1)    For subsection 106(2) of the Act, the procedure set out in this section is a procedure preliminary to the suspension or revocation of a licence at the instance of the Commission.
       (2)    If the Commission believes, on reasonable grounds, that a licensee may have breached a condition to which the grant of the licence is subject, the Commission may give a written notice to the licensee:
 (a) stating that the Commission believes that the licensee may have breached a condition of its licence; and
 (b) giving details of the matters that the Commission considers may constitute the breach; and
 (c) stating that if the Commission is satisfied that a breach has occurred, the Commission may:
 (i) if the licensee is a Commonwealth authority—suspend or revoke the licence; or
 (ii) if the licensee is a licensed corporation—revoke the licence; and
 (d) inviting the licensee to make written submissions in relation to the matter to the Commission, within 30 days after receiving the notice.
       (3)     If the licensee makes a submission within the period mentioned in paragraph (2)(d), the Commission must consider the submission.