Decisions as to grant, renewal or transfer
11S Decisions as to grant, renewal or transfer
Subject to section 11K, the Authority must grant, renew or approve the transfer of a licence if the Authority is satisfied that the applicant —
has, and is likely to retain; or
will acquire within a reasonable time after the grant, renewal or transfer, and is then likely to retain,
the financial and technical resources to undertake the activities authorised, or to be authorised, by the licence.
The Authority must take all reasonable steps to make a decision in respect of an application for —
the grant or renewal of a licence; or
approval to transfer a licence,
within 90 days after the application is made.
The duties imposed on the Authority by subsections (1) and (2) apply only if —
an application has been made in accordance with section 11L, 11P or 11R, as the case may be;
section 11WE or 11ZQG does not prohibit the grant or renewal of the licence or the approval of the transfer; and
where a requirement has been made under section 11L(3), 11P(2) or 11R(4), the relevant information has been provided to the Authority.
[Section 11S inserted: No. 20 of 1999 s. 8; amended: No. 53 of 2003 s. 8; No. 67 of 2003 Sch. 2 cl. 16 and 23.]
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.