131QProcedural requirements on suspension or cancellation of certification

1. The Commission must not suspend or cancel a certification unless—

2. the Commission gives the certified person no less than 10 working days’ written notice of the following matters before it exercises the power:
   1. that the Commission may suspend or cancel the certification; and
   2. the reasons why it may exercise that power; and
3. the Commission gives the certified person or their representative an opportunity to make written submissions on the matter within that notice period.

4. In this section, certified person includes any director or senior manager, or proposed director or senior manager, who the Commission is not satisfied is a fit and proper person to hold their respective position and who is the reason why the Commission proposes to suspend or cancel the certification.