Commonwealth Consolidated Acts Commonwealth Consolidated ActsRevocation
(1) The Titles Administrator may revoke an approval of a change in control of a registered holder of a title in the approval period for the change in control if:
(a) there is a change in the circumstances of a person who is approved to:
(i) begin to control the registered holder; or
(ii) cease to control the registered holder; and
(b) the Titles Administrator considers it appropriate to revoke the approval.
Notice of revocation
(2) If the Titles Administrator revokes an approval of a change in control, the Titles Administrator must give written notice of the revocation to the person given notice of the approval of the change in control.