Pooled Development Funds Act 1992

PART 7A - INVESTMENTS BY VENTURE CAPITAL ENTITIES  

SECTION 52D   REVOCATION AT DISCRETION OF BOARD  

52D(1)   [Revocation]  

Subject to this section, the Board may revoke an entity's registration under this Part if the Board is satisfied that the entity has failed to comply with section 52C .

52D(2)   [Notice]  

As soon as practicable after revoking an entity's registration under this Part, the Board must give the entity a notice that advises of the revocation and sets out the Board's reasons for deciding to revoke.

52D(3)   [Conditions]  

The Board must not revoke a registration unless the Board:

(a) by notice in writing given to the entity, allows the entity at least 14 days after the notice is given in which to make written submissions to the Board about the matters specified in the notice that, in the opinion of the Board, may constitute grounds for the revocation; and

(b) considers any such submissions.