Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) The Minister may, by written notice served on an authorised insurer, cancel the insurer's approval as an authorised insurer with effect on the date stated in the notice.
(2) The Minister may cancel the approval for any reason the Minister considers appropriate.
(3) Without limiting subsection (2), the Minister may cancel the approval if the insurer has, in the insurer's capacity as an authorised insurer, been convicted, or found guilty, of an offence against this Act.
(4) The Minister must, as far as practicable, give an authorised insurer whose approval the Minister proposes to cancel an opportunity to make representations about the matter.