Final answer:
The applicant can appeal an OMVIC registration refusal or revocation to the Licence Appeal Tribunal, which is an independent body handling such appeals.
Step-by-step explanation:
If OMVIC (Ontario Motor Vehicle Industry Council) issues a proposal to refuse or revoke registration, the applicant can appeal to the Licence Appeal Tribunal. The Tribunal is an adjudicative body that provides a fair and independent appeals process for licence decisions made by the Registrar of OMVIC. It is important to note that financial institutions, the Ministry of Transportation, and the Ontario Securities Commission are not involved in this appeals process. The Licence Appeal Tribunal specializes in hearing appeals on a wide range of licensure issues, including those within the motor vehicle industry.