### 49A Pending application > [*\[Section 49A Inserted by No. 24 of 2013, s. 57, Applied:28 Jun 2013\]*](/view/html/inforce/2013-06-28/act-2013-024#GS57@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 (d) the application is withdrawn.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 (a) 12 months after it is lodged, if it is not determined or withdrawn by that time; or 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, and notified to the applicant, by the Director, 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.

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