334‑5 Period for varying or revoking ass334‑5 Period for varying or revoking asset determination—following notification of event or change in circumstances by registered provider

334‑5 Period for varying or revoking asset determination—following notification of event or change in circumstances by registered provider

For the purposes of paragraph 334(6)(b) of the Act, the period for making a decision under that paragraph is 28 days from: (a) if no submission is made in accordance with the invitation in the initial notice under subsection 334(1) of the Act or the further notice under subsection 334(2A) of the Act—the end of the period specified in the further notice (including that period as extended (if applicable) under subsection 334(5) of the Act); or (b) if a submission is made in accordance with the invitation in the initial notice under subsection 334(1) of the Act or the further notice (if any) under subsection 334(2A) of the Act, and no further information is requested under subsection 334(4) of the Act—the day the submission is made; or (c) if a submission is made in accordance with the invitation in the initial notice under subsection 334(1) of the Act or the further notice (if any) under subsection 334(2A) of the Act, and further information is requested under subsection 334(4) of the Act—the day the individual gives the System Governor the further information.

9 After section 336‑5

Insert: