168DAcceptance of revised DSMS

168D Acceptance of revised DSMS

(1) If a person conducting a business or undertaking who gave the regulator a DSMS that the regulator accepted revises the DSMS, the person may give the revised DSMS to the regulator for acceptance.

Note: Regulations 168H and 168J require the person to revise the DSMS and give the revised DSMS to the regulator in certain circumstances.

(2) The regulator must accept or reject the revised DSMS within: (a) 28 days after receiving it; or (b) another period agreed between the regulator and the person. If the regulator accepts the revised DSMS, the regulator may place conditions on the acceptance.

Note 1: Regulation 168E affects acceptance or rejection by the regulator.

Note 2: A decision to reject a DSMS or place conditions on acceptance of a DSMS is a reviewable decision (see regulation 676).

(3) As soon as practical after making a decision under subregulation (2), the regulator must notify the person of its decision.