64Variations on Executive Director’s initiative

64 Variations on Executive Director’s initiative

(1) The Executive Director may vary a term of a commercial evaluation authorisation. (2) Before making the variation, the Executive Director must give written notice of the proposed variation, and the reasons for the variation, to each holder of the authorisation. (3) The holder of the authorisation may make a written submission to the Executive Director about the proposed variation. (4) A submission must be given within the period specified in the notice, which must not be less than 20 working days after the day the notice is given. (5) After considering any submissions made during that period, the Executive Director must decide to: (a) vary the term of the authorisation; or (b) not vary the term of the authorisation. (6) The Executive Director must give written notice of the decision to each holder of the authorisation. (7) If the decision is to vary the term of the authorisation, the Executive Director must also give the varied authorisation to each holder of the authorisation. (8) To avoid doubt, a single notice under subsection (6) may cover more than one term of the authorisation.