Chief executive must call meeting of all approval applicants
52 Chief executive must call meeting of all approval applicants
The chief executive must, by notice given to each of the approval applicants, call a meeting of them to explore the possibility of all of the approval applicants reaching a mediated agreement about the eligible corporation that should be approved as the control body for the application code.Example of a mediated agreement—
The approval applicants may agree to form an eligible corporation in which they each have equal rights to appoint that corporation’s executive officers, to withdraw each of their approval applications and to support an application by the formed eligible corporation to be the control body for the application code.
The chief executive may arrange for a suitably qualified person to be the mediator at the meeting.
The chief executive, by notice to the commission, must—
tell the commission about calling the meeting and the details of the meeting; and
invite the commission to attend the meeting as an observer.
If a mediated agreement can not be reached at the meeting, the chief executive must include information about the mediation in the chief executive’s report to the Minister under section 54.
This Act’s bill:Explanatory memorandum
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