75Proposed decision to refuse application

75 Proposed decision to refuse application

(1) This section applies if the Regulator proposes to make a decision to refuse to grant the application. (2) The Regulator must give the licence holder written notice of the proposed decision. (3) The notice must: (a) set out the Regulator’s reasons for the proposed decision; and (b) invite the licence holder to make a written submission about the proposed decision; and (c) specify the day on or before which the submission must be made. (4) The day specified for the purposes of paragraph (3)(c) must be reasonable. (5) If the licence holder makes a submission on or before the day specified for the purposes of paragraph (3)(c), the Regulator must take the submission into account in deciding whether to grant, or refuse to grant, the application.