Competition and Consumer Act 2010 (Cth)
(1) A person to whom an authorization was granted, or another person on behalf of such a person, may apply to the Commission for a revocation of the authorization.
(2) On receipt of such an application, the Commission must, by notice in writing given to any persons who appear to the Commission to be interested:
(a) indicate that the revocation of the authorization has been applied for; and
(b) indicate the basis on which the revocation has been applied for; and
(c) invite submissions in respect of the revocation within a period specified by the Commission.
Note: Alternatively, the Commission may rely on consultations undertaken by the AEMC: see section 90B.
(3) If, at any time after granting an authorization, it appears to the Commission that:
(a) the authorization was granted on the basis of evidence or information that was false or misleading in a material particular; or
(b) a condition to which the authorization was expressed to be subject has not been complied with; or
(c) there has been a material change of circumstances since the authorization was granted;
the Commission may, by notice in writing given to any persons who appear to the Commission to be interested:
(d) inform those persons that it is considering the revocation of the authorization; and
(e) indicate the basis on which the revocation is being proposed; and
(f) invite submissions in respect of the revocation within a period specified by the Commission.
(4) After considering any submissions invited under subsection (2) or (3) that are received within the period specified by the Commission under that subsection, the Commission may make a determination in writing:
(a) revoking the authorization; or
(b) deciding not to revoke the authorization.
(5) If an objection to the revocation is included in any submission
(a) that was invited under subsection (2) or (3); and
(b) that is received within the period specified by the Commission under that subsection;
the Commission must not make a determination revoking the authorization unless the Commission is satisfied that it would, if the authorization had not already been granted, be prevented under subsection 90(5A), (5B), (5C), (5D), (6), (7), (8), (8A), (8B) or (9) from making a determination granting the authorization in respect of which the revocation is sought.
(6) An application for revocation may be withdrawn by notice in writing to the Commission at any time.
(7) The Commission may disregard any objection that, in its opinion, is either vexatious or frivolous.
- Amendments containing reference to Division 1A of Part IV (price signalling) inserted - to come into operation on 6 June 2012.
Schedule 1, Section 9: Subsection 91B(5)
After "(5B),", insert "(5C), (5D),".