38BPending application

38B Pending application

[Section 38B Inserted by No. 24 of 2013, s. 36, Applied:28 Jun 2013]

(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(d) the application is withdrawn.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(a) 12 months after it is lodged, if it is not determined or withdrawn by that time; or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.