Part 5ACertification and fit and proper person requirements
Conditions of certification
131NProcedure for variation of conditions
The Commission must not exercise a power under section 131L(1)(b) (except on an application under section 131M), or refuse an application for a variation under section 131M, unless—
- the Commission gives the certified person no less than 10 working days’ written notice of the following matters before it exercises the power:
- that the Commission may exercise the power; and
- the reasons why it may exercise the power; and
- that the Commission may exercise the power; and
- the Commission gives the certified person or their representative an opportunity to make written submissions on the matter within that notice period.
Compare
- 2013 No 69 s 405
Notes
- Section 131N: inserted, on , by section 50 of the Credit Contracts Legislation Amendment Act 2019 (2019 No 81).


