Revocation of commitment order may follow non-compliance or nondisclosure, triggering recoverable legal costs and possible investigation reinstatement. A commitment order is subject to revocation if the Commitment Applicant fails to comply with an order under section 48B, makes less than full and true disclosure during commitment proceedings, or a material change in facts emerges. Prior to revocation, the Commission must afford the Applicant a show-cause opportunity with a 15 working day response period. Revocation exposes the Applicant to legal costs determined by the Commission (subject to a prescribed cap), recoverable under the statutory penalty recovery mechanism, and permits restoration or initiation of the underlying inquiry or investigation.
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Revocation of commitment order may follow non-compliance or nondisclosure, triggering recoverable legal costs and possible investigation reinstatement.
A commitment order is subject to revocation if the Commitment Applicant fails to comply with an order under section 48B, makes less than full and true disclosure during commitment proceedings, or a material change in facts emerges. Prior to revocation, the Commission must afford the Applicant a show-cause opportunity with a 15 working day response period. Revocation exposes the Applicant to legal costs determined by the Commission (subject to a prescribed cap), recoverable under the statutory penalty recovery mechanism, and permits restoration or initiation of the underlying inquiry or investigation.
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