Extension of clearing period
91N Extension of clearing period
(1) The holder of a clearing permit may apply to the Board for an extension of the clearing period.
(2) The application must be made in the form approved by the Board at least 3 months prior to the expiry of the clearing period.
(3) Before making a decision whether to extend the clearing period, the Board must consider:
(a) any relevant guidelines issued by the Board under section 91E; and
any other matter the Board considers relevant.
(4) The Board must, by written notice given to the applicant, decide the application by:
(a) approving the application and extending the clearing period for the period specified by the Board; or
refusing the application.
(5) The clearing period may be extended more than once under this section.
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.