Approval of estimation technique on chief executive’s initiative
125 Approval of estimation technique on chief executive’s initiative
The chief executive may, at any time, give an estimation technique approval for a reporting facility.
Before giving an estimation technique approval, the chief executive must give the occupier of the reporting facility a written notice stating that the chief executive will give the approval within a stated period of at least 14 days unless the occupier makes an estimation technique application.
If the occupier does not make an estimation technique application within the stated period, the chief executive must give the occupier—
a notice stating the estimation technique approved by the chief executive; and
an information notice about the decision to approve the estimation technique.
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