155Application to renew approved arrangement

155  Application to renew approved arrangement

 (1) This section applies in relation to an approved arrangement (including an approved arrangement that is suspended, or a part of which is suspended, under Part 5) if there is an expiry date for the approved arrangement.

Note: See subsections 154(3) and (4) in relation to the expiry date for an approved arrangement.

 (2) The holder of the approved arrangement may apply to the Secretary to renew the approved arrangement.

 (3) An application for renewal may relate to more than one approved arrangement.

 (a) within the period prescribed by the rules; or

 (5) If an application to renew an arrangement is made after the period applying under subsection (4):

 (a) the application is taken to be an application to approve the arrangement; and