140Internal review of reviewable decisions

140 Internal review of reviewable decisions

(1) The National Regulator must, as soon as practicable after a reviewable decision is made in relation to a person, give a written notice to the person containing:

(a) the terms of the decision; and

(b) the reasons for the decision; and

(c) a statement setting out particulars of the person’s right to have the decision reviewed under this section.

(2) A person to whom a reviewable decision referred to in subsection (1) relates may apply to the National Regulator for review of the decision.

(3) An application for review must:

(a) be in the form approved by the National Regulator; and

(b) contain the information required by the regulations; and

(c) be made within 30 days after the day on which the written notice of the decision was given to the applicant, or within such period (if any) as the National Regulator, either before or after the end of the 30‑day period, allows.

(4) The National Regulator must, on receiving an application under subsection (3) for review of a reviewable decision, cause the decision to be reviewed by a person to whom the National Regulator power under this section is delegated, being a person who:

(a) was not involved in making the decision; and

(b) occupies a position that is senior to that occupied by any person involved in making the decision.

(5) A person who reviews a reviewable decision under this section may:

(a) make a decision affirming, varying or revoking the reviewable decision; and

(b) if the person revokes the decision—make such other decision as the person thinks appropriate.

(6) A failure to comply with the requirements of subsection (1) in relation to a decision does not affect the validity of the decision.