Variation of terms and conditions of permit, suspension, etc

(1) A permit under this Part may be varied in any of its terms and conditions at the request of the permit holder, or by the Authority, but the Authority shall not be liable to pay compensation to the permit holder if in the opinion of the Authority the variation is required as a result of a change of circumstances which has occurred since the date of granting of the permit, and which could not reasonably have been foreseen on that date. (2) Subject to subsection (3) below, a permit under this Part may be suspended or revoked at the request of the permit holder or by the Authority for a breach by the permit holder of National Integrated 54 any provisions of this Act or Regulations made thereunder or of any of the terms and conditions of the permit. (3) Before suspending or revoking a permit under this section, the Authority shall give the permit holder not less than one month’s notice of its intention to suspend and revoke the permit and shall give the permit holder an opportunity to exonerate himself or to remedy the default.