231JReview of refusal to release financial assurance—notice of intention

231J Review of refusal to release financial assurance—notice of intention (1) On or before the refusal review date, the Authority must— (a) in writing, notify the person who provided a financial assurance that the Authority— (i) is considering whether or not to release the financial assurance; or (ii) intends to refuse to release all or part of the financial assurance; and (b) invite the person who provided the financial assurance to make a submission setting out any significant relevant new information or any material change that has occurred since the Authority refused to release all or part of the financial assurance— (i) within 20 business days of the date of the notice; or (ii) within any other period agreed between the Authority and the person. S. 231J(2) inserted by No. 14/2025 s. 34. (2) Subsection (1) does not apply if the Authority releases all of a financial assurance on or before the refusal review date. S. 231K inserted by No. 35/2023 s. 32.