National Consumer Credit Protection (Transitional and Consequential Provisions) Regulations 2010
22Extension of time to pay penalty
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22 Extension of time to pay penalty
(1) Within 28 days after receiving an infringement notice, the recipient may apply, in writing, to the nominated person for a further period of up to 28 days in which to pay the penalty stated in the notice.
(b) set out the reasons for the application.
(a) grant or refuse a further period not longer than the period sought (but less than 28 days); and
(b) notify the recipient in writing of the decision and, if the decision is a refusal, the reasons for the decision.
(4) If the nominated person has not granted, or refused to grant, the further period within 14 days after receiving the application, the nominated person is taken to have refused to grant the further period.