Section 309Z2 Power to take disciplinary action for misconductF1

it appears to the appropriate regulator that a person is guilty of misconduct (see section 309Z3), and

the appropriate regulator is satisfied that it is appropriate in all the circumstances to take action against the person.

publish a statement of the person’s misconduct;

impose a penalty on the person of such amount as the appropriate regulator considers appropriate;

suspend an approval of the performance of a function by the person under section 309G for such period as the appropriate regulator considers appropriate;

impose such conditions as the appropriate regulator considers appropriate in relation to such an approval for such period as the appropriate regulator considers appropriate;

limit the period for which such an approval is to have effect.

it may not suspend an approval for more than 2 years;

it may not impose conditions which have effect for more than 2 years;

it may impose a condition so as to, among other things, require a person to take, or refrain from taking, specified action;

it may impose a suspension, condition or limitation that has effect in relation to part of a function.

withdraw a suspension, condition or limitation;

vary a suspension or condition so as to reduce the period for which it has effect or otherwise to limit its effect;

vary a limitation so as to increase the period for which the approval is to have effect.