57Decisions on registration applications

57 Decisions on registration applications (1) This section applies if the commissioner for fair trading receives an application for registration under section 53 (Registration applications).

(2) Within 12 weeks after the day the commissioner for fair trading (a) register the applicant; or (b) refuse to register the applicant. (3) The commissioner for fair trading must register the applicant if satisfied that the applicant is eligible to be registered under section 49 (Eligibility for registration). (4) If a requirement for information or a document relating to an application is made under section 55 (Further information for registration applications), the 12-week period mentioned in subsection (2) is extended by the period beginning on the day when the requirement is made and ending on the day when the requirement is complied with.