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 60 DATE OF EFFECT, NOTICE AND PUBLICATION OF VARIATION, CANCELLATION OR SUSPENSION ETC.

60(1) [ Written notice must be given]

ASIC must give a licensee written notice of a variation, suspension, revocation of a suspension, or cancellation of the licensee ' s licence.

60(2) [ In force when written notice given to licensee]

A variation, suspension, revocation of a suspension, or cancellation of a licence comes into force when the written notice of that action is given to the licensee.

60(3) [ Publication]

As soon as practicable after the notice is given to the licensee, ASIC must publish a notice of the action on ASIC ' s website. The notice must state when the action took effect.

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