4Application for PBS design approval

4 Application for PBS design approval

4 Application for PBS design approval

(1) An application for a PBS design approval made under section 22 of the Law must be—

(a) in the approved form; and

(b) accompanied by—

(i) an assessment of the design the subject of the application, carried out by a PBS assessor; and

(ii) the prescribed fee for the application.

(2) The Regulator may, by notice given to the applicant for the PBS design approval, require the applicant to give the Regulator any additional information the Regulator reasonably requires to decide the application.

Example of additional information—

The Regulator may ask the applicant to obtain additional parameter sensitivity analyses conducted by a PBS assessor in relation to the design.