THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY

Division 5 - Excluding persons from the futures industry

SECTION 1200   OPPORTUNITY FOR HEARING  

1200(1)  [Compliance with subsec (2)]  

The Commission shall not:

(a)  refuse an application for a licence on the ground, or grounds including the ground, that paragraph 1144A(2)(d), (e) or (f) or 1145(2)(e) or (f) does not apply in relation to the applicant;

(b)  impose conditions on a licence;

(c)  vary the conditions of a licence;

(d)  revoke or suspend a licence otherwise than by virtue of section 1189A or 1190 or paragraph 1192(1)(a);

(e)  make, otherwise than by virtue of paragraph 1192A(a) or (d) or 1193(a), (b) or (c), an order under section 1194 against a person;

(f)  make under subsection 1195(2) an order varying a banning order against a person; or

(g)  refuse an application by a person under section 1196;

unless the Commission complies with subsection (2) of this section.

1200(2)  [Opportunity for hearing]  

The Commission shall give the applicant, licensee or person, as the case may be, an opportunity:

(a)  to appear at a hearing before the Commission that takes place in private; and

(b)  to make submissions and give evidence to the Commission in relation to the matter.