21Requirements for deciding application

21 Requirements for deciding application

21 Requirements for deciding application

(1) The Regulator must decide an application made under section 19 as soon as practicable after receiving—

(a) for an application to cancel a PBS design approval or PBS vehicle approval—the application; or

(b) for an application to modify a PBS design approval or PBS vehicle approval—the PBS Review Panel’s advice and recommendations under section 20.

(2) If the Regulator approves an application to modify a PBS design approval, the Regulator must give the applicant a replacement approval.

(3) A cancellation or modification approved under this section takes effect—

(a) when notice of the approval of the application is given to the applicant; or

(b) if a later time is stated in the approval, at the later time.

(4) If the Regulator refuses the application, the Regulator must give the applicant an information notice for the decision.