38BPending application

### 38B Pending application > [*\[Section 38B Inserted by No. 24 of 2013, s. 36, Applied:28 Jun 2013\]*](/view/html/inforce/2013-06-28/act-2013-024#GS36@EN) > > > (1)  An application for a licence is pending from the day on which it is lodged until whichever of the following happens first: > > > > > > (a) the application is granted; > > > > > > > (b) the application is refused; > > > > > > > (c) the application lapses; > > > > > > > (d) the application is withdrawn. > > > (2)  An application for a licence lapses – > > > > > > (a) 12 months after it is lodged, if it is not determined or withdrawn by that time; or > > > > > > > (b) at a later date fixed by the Director, and notified to the applicant, if – > > > > > > > > > > (i) the failure to determine the application was not caused by a default of the applicant; or > > > > > > > > > > > (ii) there is, in the opinion of the Director, a sufficient reason for fixing a later date.