National Consumer Credit Protection Act 2009

CHAPTER 2 - LICENSING OF PERSONS WHO ENGAGE IN CREDIT ACTIVITIES  

PART 2-2 - AUSTRALIAN CREDIT LICENCES  

Division 6 - When a licence can be suspended, cancelled or varied  

Subdivision C - Miscellaneous rules about suspensions, cancellations and variations  

SECTION 61  

61   STATEMENT OF REASONS  
A notice of suspension or cancellation given to a licensee must be accompanied by a statement of reasons for the action taken.