New Zealand Acts

COMMERCE ACT 1986 - SECT 65

65 Commission may vary or revoke authorisations

1 Subject to subsection (2), if at any time after the Commission has granted an authorisation under section 58 the Commission is satisfied that—

a) the authorisation was granted on information that was false or misleading in a material particular; or

b) there has been a material change of circumstances since the authorisation was granted; or

c) a condition upon which the authorisation was granted has not been complied with,—

the Commission may revoke or amend the authorisation or revoke the authorisation and grant a further authorisation in substitution for it.

2 The Commission shall not revoke or amend an authorisation or revoke an authorisation and substitute a further authorisation pursuant to subsection (1) unless the person to whom the authorisation was granted and any other person who in the opinion of the Commission is likely to have an interest in the matter is given a reasonable opportunity to make submissions to the Commission and the Commission has regard to those submissions.

Note: Trade Practices Act 1974 s 91(4) (Aust)

History: Section 65(1)(c): amended, on 15 August 2017, by section 32(2)(d) of the Commerce (Cartels and Other Matters) Amendment Act 2017 (2017 No 40).