Revoking an approval
(1) The Minister may, by written notice given to a person who holds an approval under section 851B in relation to a widely held market body, revoke the approval if the Minister is satisfied that: (a) it is in the national interest to do so; or (b) an unacceptable control situation exists in relation to the widely held market body and in relation to the person; or (c) there has been a contravention of a condition to which the approval is subject. (2) The revocation takes effect on the day specified in the notice of revocation. The specified day must be a day at least 90 days after the day on which the notice is given. (3) If a person who holds an approval under section 851B requests the Minister to revoke the approval, the Minister must, by written notice given to the person, revoke the approval. The revocation takes effect on the day specified in the notice of revocation. (4) As soon as practicable, the Minister must arrange for a copy of a notice of revocation under this section to be: (a) published in the Gazette; and (b) given to the widely held market body concerned.
Sourced from the Federal Register of Legislation at 17 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.
BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.
Try BriefBridge free