The appropriate regulator may vary an approval under section 309G if it considers it desirable to do so in order to advance a relevant objective.
For these purposes, "relevant objective" means—
The appropriate regulator may vary the approval by doing the following—
A variation under this section takes effect—
If the appropriate regulator proposes to vary an approval or varies an approval with immediate effect, it must give each of the interested parties written notice—
A variation may be expressed to take effect immediately or on a specified date only if the appropriate regulator, having regard to its reason for varying the approval, reasonably considers that it is necessary for the variation to take effect immediately or on that date (as appropriate).
The appropriate regulator may extend the period allowed under the notice for making representations.
The appropriate regulator must give each of the interested parties written notice if, having considered the representations made, it decides—
A notice under subsection (8) must inform the interested parties of the right of each of them to refer the matter to the Tribunal.
The appropriate regulator must give each of the interested parties written notice if, having considered the representations made, it decides—
A notice under subsection (10)(b) must comply with the requirements set out in subsection (5)(a) to (e).
A notice under this section which informs the interested parties of the right to refer a matter to the Tribunal must give an indication of the procedure on such a reference.
In this section, "the interested parties" has the same meaning as in section 309P.
For the purposes of subsection (4)(c), whether a matter is open to review is to be determined in accordance with section 391(8).