24Approval of variation

24  Approval of variation

 (1) After considering an application made by the project proponent for a registered biodiversity project under section 23, the Regulator must decide:

 (a) to vary the registration of the project to remove the condition that is the subject of the application; or

 (b) to refuse to vary the registration of the project.

 (a) the condition has been met; and

 (b) if there are multiple project proponents for the project—the application is made by the nominee in relation to the project on behalf of the multiple project proponents.

 (3) The Regulator must take all reasonable steps to ensure that a decision is made on the application:

 (a) if the Regulator requires the applicant to give further information under section 128 in relation to the application—within 90 days after the applicant gave the Regulator the information; or

 (4) If the Regulator decides to vary the registration of the project, the variation takes effect on the day after the notice of the decision is given to the applicant under section 25.