Revocation of exemption order
(1) If: (a) an exemption order is in force in relation to a person; and (b) the Commission is satisfied that: (i) the order was made on the basis of information that was false or misleading in a material particular; or (ii) a condition to which the order is subject has been contravened; or (iii) there has been a material change of circumstances since the order was made; the Commission may revoke the order. (2) The Commission must not revoke an exemption order unless the Commission has first: (a) published a draft notice of revocation and invited people to make submissions to the Commission on the draft notice; and (b) considered any submissions that were received within the time limit specified by the Commission when it published the draft notice. (3) The Commission may make a further exemption order under section 151BA in substitution for the revoked order. (4) If the Commission revokes an exemption order relating to a person, the Commission must give the person a written notice stating that the order has been revoked and setting out the reasons for the revocation. (5) A revocation of an exemption order takes effect: (a) at the time when notice of the revocation is given; or (b) if a later time is specified in the notice of the revocation—at that later time.
Sourced from the Federal Register of Legislation at 22 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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