(1) The Regulator may, at any time, in accordance with this Division, consider the following matters:
(a) whether a dealing with a GMO should be a notifiable low risk dealing;
(b) whether an existing notifiable low risk dealing should no longer be a notifiable low risk dealing.
(2) The basis of the Regulator's consideration must relate to:
(a) the matters of which the Regulator must be satisfied under subsection 74(2); or
(b) the matters the Regulator must consider under subsection 74(3).