CORPORATIONS ACT 2001
If the Minister considers that a market licensee has breached, or is in breach of, one or more of its obligations as a market licensee under this Chapter, the Minister may give the licensee a written notice that requires the licensee to show cause, at a hearing before a specified person, why the licence should not be suspended or cancelled.797C(2) [ Contents of show cause notice]
(a) the grounds on which it is proposed to suspend or cancel the licence; and
(b) a reasonable time and place at which the hearing is to be held.
However, if the licensee consents, the person conducting the hearing may fix a different time or place.797C(3) [ Conduct of hearing]
(a) give the licensee an opportunity to be heard at the hearing; and
(b) give the Minister:
(i) a report about the hearing; and
797C(4) [ Ministerial power to cancel or suspend licence]
(ii) a recommendation about the grounds in the notice on which it is proposed to suspend or cancel the licence.
(a) decide to take no further action in relation to the matter and give written advice of that decision to the licensee; or
(b) suspend the licence for a specified period, or cancel the licence, by giving written notice to the licensee.
Note: The Minister must also have regard to the matters in section 798A .