Requests for extension of time
57 Requests for extension of time
If the 60 days specified in paragraph 55(b) have passed, the liable entity may nevertheless lodge the objection with the Regulator together with a written request asking the Regulator to deal with the objection as if it had been lodged within the 60 days.
The request must state fully and in detail the circumstances concerning, and the reasons for, the liable entity’s failure to lodge the objection with the Regulator within the 60 days.
After considering the request, the Regulator must decide whether to agree to it or refuse it.
The Regulator must give the liable entity written notice of the Regulator’s decision.
If the Regulator decides to agree to the request, then, for the purposes of this Part, the objection is taken to have been lodged with the Regulator within the 60 days.
If the Regulator decides to refuse the request, the liable entity may apply to the Administrative Review Tribunal for review of the decision.
This Act’s bill:Explanatory memorandumSecond reading speech
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