74Refusal of application

74 Refusal of application

The Regulator may only refuse to grant the application if: (a) any of the following apply: (i) the Regulator is not satisfied of the matters in subsection 72(1), having had regard to the matters in subsection 72(2); (ii) the Regulator has given the licence holder a notice under subsection 68(1) (requirements for further information), and the licence holder does not comply with the notice on or before the day specified in the notice for the purposes of paragraph 68(2)(b); (iii) the Regulator has given the licence holder a notice under subsection 69(1) (requirements to amend and resubmit plan), and the licence holder does not comply with the notice on or before the day specified in the notice for the purposes of paragraph 69(2)(b); and (b) the Regulator has complied with section 75 and the day specified for the purposes of paragraph 75(3)(c) has passed (whether or not the licence holder has made a submission about the proposed decision).