55. Determination by the Commission

The Commission may, from time to time, determine any matter specified in this Act as being subject to the Commission’s determination.

The Commission may conduct an inquiry to decide whether a determination should be made, either—

Notwithstanding subsection (1), the Commission shall not conduct an inquiry unless it is satisfied that the matter is of significant interest to either the public or to current or prospective licensees under this Act.

An inquiry shall be carried out in accordance with Chapter 3 of this Part, and at a standard and in a manner consistent with the provisions of this Act and its subsidiary legislation and any instrument issued, made or given under this Act.

Within forty-five days from the conclusion of the inquiry, the Commission shall determine the matter.

Any determination by the Commission shall be consistent with the objects of, and any requirements provided in, this Act which are relevant to the particular matter or activity.

A determination made by the Commission under this Chapter shall be registered as soon as practicable.

A determination shall come into force on the date of registration or such later date as the Commission may specify.

A determination shall expire on such date as the Commission may specify or, if no date is specified, the determination shall be in force until the determination is revoked.