37Proceeds of sale—dealing with claims for approval of security interest in aircraft

37 Proceeds of sale—dealing with claims for approval of security interest in aircraft

(1) Subject to section 36, as soon as practicable after receiving a claim made in accordance with subsection 35(3), AA must consider the claim and do one of the following: (a) approve the claim; (b) approve part of the claim and refuse to approve the remaining part of the claim; (c) refuse to approve the claim.

Note: Decisions about claims are reviewable under section 39.

(2) AA must give notice to the claimant of a decision under section (1). (3) The notice must include: (a) a statement of reasons for the decision; and (b) a statement to the effect that a person whose interests are affected by the decision may: (i) apply to AA for review of the decision in accordance with section 39; and (ii) subject to the Administrative Review Tribunal Act 2024, apply to the Administrative Review Tribunal for a review of a decision made by AA under subsection 39(3). (4) In making a decision under subsection (1), AA must have regard to the following: (a) any evidence provided by the claimant; (b) any other matter that AA considers appropriate.