Lapsing of application
142Z Lapsing of application
This section applies if an application for an approval as an approved manager, or renewal of an approval as an approved manager, is made under this part.
The commissioner may make a requirement under section 142Q(4) or 142U(4) for information to decide the application by giving the applicant a written notice stating—
the required information; and
the time by which the information must be given to the commissioner; and
that, if the information is not given to the commissioner by the stated time, the application will lapse.
The stated time must be reasonable and, in any case, at least 21 days after the requirement is made.
The commissioner may give the applicant a further notice extending or further extending the time if the commissioner is satisfied it would be reasonable in all the circumstances to give the extension.
A notice may be given under subsection (4) even if the time to which it relates has lapsed.
If the applicant does not comply with the requirement within the stated time, or any extension, the application lapses.
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