Related Commentary  

242(1)  If–

(a)a conduct notice has effect in relation to a person who is carrying on a business as a promoter, and

(b)an authorised officer determines that the person has failed to comply with one or more conditions in the notice,

the authorised officer must apply to the tribunal for approval to give the person a monitoring notice.

242(2)  An application under subsection (1) must include a draft of the monitoring notice.

242(3)  Subsection (1) does not apply if–

(a)the condition (or all the conditions) mentioned in subsection (1)(b) were imposed under subsection (3)(a), (b) or (c) of section 238, and

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