Refusal of application for renewal of a licence
80 Refusal of application for renewal of a licence
This section applies if the Regulator intends to refuse an application for the renewal of a licence.
Before refusing the application, the Regulator must give the applicant a written notice stating—
it proposes to refuse the application; and
the reasons for the refusal; and
the applicant may make a written submission to the Regulator in further support of the application; and
a period, of at least 30 business days, at the end of which the refusal is to take effect (the review period).
The applicant may make a submission within 15 business days after the notice is given.
If a submission is made, the Regulator must—
consider it; and
decide whether to accept or refuse the application.
The Regulator must advise the applicant of its decision before the end of the review period.
If no submission is made within the time mentioned in subsection (3), the application is taken to be refused at the end of the review period.
If the Regulator refuses the application, it must advise the applicant that the applicant may appeal against the refusal under chapter 13.
Despite section 78, if the period stated on the licence expires before the end of the review period, the licence period is taken to be extended to the end of the review period.
This Act’s bill:Explanatory memorandum
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