NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 41 Applicant must be given hearing before refusal of licence

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 41

    ASIC may only refuse to grant a licence after giving the person who applied for the licence an opportunity:

  (a)   to appear, or be represented, at a hearing before ASIC that takes place in private; and

  (b)   to make submissions to ASIC in relation to the refusal.