Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Minister may revoke an approval of a borrowing institution by notice given to the institution and published on the Department's website if the Minister is satisfied:
(a) that there has been:
(i) a contravention of a regulation involving the institution; or
(ii) a contravention of any conditions on the approval; or
(b) that the approval should be revoked, having regard to the matters described in paragraphs 15(2)(a), (b), (c), (d), (e) and (f) and any other relevant matters.
(2) A notice under subsection (1) is not a legislative instrument.