Section 151BG — Competition and Consumer Act 2010: Revocation of exemption order

(1) If: (a) an exemption order is in force in relation to a person; and (b) the Commission is satisfied that: (i) the order was made on the basis of information that was false or misleading in a material particular; or (ii) a condition to which the order is subject has been contravened; or (iii) there has been a material change of circumstances since the order was made; the Commission may revoke the order. (2) The Commission must not revoke an exemption order unless the Commission has first: (a) published a draft notice of revocation and invited people to make submissions to the Commission on the draft notice; and (b) considered any submissions that were received within the time limit specified by the Commission when it published the draft notice. (3) The Commission may make a further exemption order under section 151BA in substitution for the revoked order. (4) If the Commission revokes an exemption order relating to a person, the Commission must give the person a written notice stating that the order has been revoked and setting out the reasons for the revocation. (5) A revocation of an exemption order takes effect: (a) at the time when notice of the revocation is given; or (b) if a later time is specified in the notice of the revocation—at that later time.