Clause 466
Reconsideration of decisions
(1)
This section applies where IPOS —
imposes a financial penalty on a person;
makes a cessation order against a person; or
gives a regulatory direction to a person.
(2)
The person may apply to IPOS, within the prescribed time and in the prescribed manner, for IPOS to reconsider its decision.
(3)
In an application for reconsideration —
IPOS must, within the prescribed time, confirm, vary or set aside its decision; and
unless IPOS otherwise orders, a financial penalty must be paid, and a cessation order or regulatory direction complied with, pending reconsideration by IPOS.
(4)
This section does not require IPOS to reconsider a decision made after reconsideration.