71Decision to approve or refuse to approve management plan

71 Decision to approve or refuse to approve management plan

(1) The Regulator may, by written notice to a licence holder who has made an initial plan approval application or a plan revision approval application: (a) grant the application and approve the plan, or the revised plan, as the management plan for the relevant licence; or (b) refuse to grant the application and refuse to approve the plan or revised plan as the management plan for the relevant licence.

Note 1: The Regulator may only grant the application in accordance with section 72.

Note 2: The Regulator may only refuse to grant the application in accordance with section 74, and must give the licence holder the opportunity to make a submission on the proposed refusal under section 75.

Note 3: If the Regulator refuses to grant a plan revision approval application, the management plan for the relevant licence continues in effect without the revision (subject to later successful plan revision approval applications).

(2) An approval under paragraph (1)(a) takes effect: (a) if the notice under subsection (1) specifies a day for the purposes of this paragraph—on that day; or (b) otherwise—when the notice is given. (3) When an approval under paragraph (1)(a) takes effect: (a) the plan, or the revised plan, approved under that paragraph becomes the management plan for the relevant licence; and (b) if the application was a plan revision approval application—the management plan for the licence immediately before the approval took effect ceases to be the management plan for the licence. (4) If the Regulator refuses to grant the application, the notice under subsection (1) must set out the reasons for the refusal.