(1) Subsection (2) applies if -
(a) it appears to the appropriate regulator that a person is guilty of misconduct (see section 309Z3), and
(b) the appropriate regulator is satisfied that it is appropriate in all the circumstances to take action against the person.
(2) The appropriate regulator may do one or more of the following -
(a) publish a statement of the person's misconduct;
(b) impose a penalty on the person of such amount as the appropriate regulator considers appropriate;
(c) suspend an approval of the performance of a function by the person under section 309G for such period as the appropriate regulator considers appropriate;
(d) impose such conditions as the appropriate regulator considers appropriate in relation to such an approval for such period as the appropriate regulator considers appropriate;
(e) limit the period for which such an approval is to have effect.
(3) Where the appropriate regulator takes action described in subsection (2)(c), (d) or (e) -
(a) it may not s
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