Section 14
Revocation or variation of individual exemption
(1)
If the Minister is satisfied that —
(a)
there has been a material change of circumstance since the grant of an individual exemption; or
(b)
an obligation has been breached, the Minister may, by order published in the Gazette —
(i)
revoke the individual exemption;
(ii)
vary or remove any condition or obligation; or
(iii)
impose additional condition or obligation.
Competition
B.L.R.O. 9/2022 21
(2)
If the Minister is satisfied that —
(a)
the information on which the Minister based his decision to grant an individual exemption is false or misleading in a material particular; or
(b)
any condition has been breached, the Minister may, by order published in the Gazette, revoke the individual exemption.
(3)
Any action taken by the Minister under subsection (1) shall have effect from the date the order is made.
(4)
An individual exemption which is revoked —
(a)
by virtue of subsection (2)(a) shall be void from the date the individual exemption was granted; or
(b)
by virtue of subsection (2)(b) shall have effect from the date the condition is breached.