National Consumer Credit Protection Act 2009

CHAPTER 2 - LICENSING OF PERSONS WHO ENGAGE IN CREDIT ACTIVITIES  

PART 2-2 - AUSTRALIAN CREDIT LICENCES  

Division 3 - How to get an Australian credit licence  

SECTION 41  

41   APPLICANT MUST BE GIVEN HEARING BEFORE REFUSAL OF LICENCE  
ASIC may only refuse to grant a licence after giving the person who applied for the licence an opportunity:

(a) to appear, or be represented, at a hearing before ASIC that takes place in private; and

(b) to make submissions to ASIC in relation to the refusal.