New Zealand Acts

COMMERCE ACT 1986 - SECT 65D

65D Revocation of clearances

1 The Commission may revoke a clearance given under section 65A if it is satisfied that—

a) the clearance was given on information that was false or misleading in a material particular; or

b) there has been a material change of circumstances.

2 The Commission must not revoke a clearance unless the person to whom the clearance was given, 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 had regard to those submissions.

History: Section 65D: inserted, on 15 August 2017, by section 17 of the Commerce (Cartels and Other Matters) Amendment Act 2017 (2017 No 40).