Regulation 12

accept any payment out of a Child Development Account for any purpose other than that specified in regulation 9(1)(a) or (aa);

cause or make withdrawals from a Child Development Account without the approval or authorisation of the trustee of that Account; or

cause or make withdrawals from any Child Development Account for any payment to the approved institution (if only one), or any of the approved institutions (if more than one), in respect of which the person was appointed or approved as an approved person —

during any period of investigation for the purposes of ascertaining whether there are any grounds to suspend the approval of that approved person under regulation 11A, or revoke the appointment or approval of that approved person under regulation 11B;

on or after the date on which the Minister gives notice in writing of the Minister’s intention to suspend the approval of that approved person under regulation 11A, or revoke the appointment or approval of that approved person under regulation 11B;

during any period of suspension under regulation 11A; or

on or after the earliest of the following dates: (A)the date of any revocation of approval by regulation 11AA;

the date of any revocation of appointment or approval under regulation 11B.