154Period of effect of approved arrangement

154  Period of effect of approved arrangement Approved arrangements that have no expiry date  (1) If there is no expiry date for an approved arrangement, the approved arrangement remains in force unless:  (a) it is revoked under Part 6; or  (b) it is taken to have been revoked under section 188. Approved arrangements that have an expiry date  (2) If there is an expiry date for an approved arrangement (including an approved arrangement that has been renewed under Part 3), the approved arrangement remains in force until the end of that expiry date unless:  (a) the approved arrangement is renewed under Part 3 on or before that date; or  (b) the approved arrangement is revoked under Part 6, or is taken to have been revoked under section 188, on or before that date.  (3) There is an expiry date for an approved arrangement if:  (a) rules made for the purposes of subsection (5) apply in relation to the approved arrangement; or  (b) an expiry date for the approved arrangement set under subsection 151(3) or 156(3) or paragraph 165(1)(c) or (d) is in force in relation to the approved arrangement.  (4) The expiry date for an approved arrangement is:  (a) if rules made for the purposes of subsection (5) apply in relation to the approved arrangement and no expiry date set under subsection 151(3) or 156(3) or paragraph 165(1)(c) or (d) is in force in relation to the approved arrangement—the last day of the period prescribed by the rules; or  (b) if an expiry date for the approved arrangement set under subsection 151(3) or 156(3) or paragraph 165(1)(c) or (d) is in force in relation to the approved arrangement—that date. Rules may prescribe period of effect of approved arrangement  (5) The rules may prescribe the period during which an approved arrangement remains in force. The rules may apply in relation to:  (a) approved arrangements generally; or  (b) approved arrangements for a kind of export operations in relation to a kind of prescribed goods and, if applicable, a place to which the goods may be exported. Part 3—Renewal of approved arrangement