149Amendment of security requirements

149 Amendment of security requirements

(1) If the provisional holder: (a) is notified of a security requirement; and (b) is dissatisfied with the amount of the security required; the provisional holder may ask the Joint Authority to make a new determination under section 399. (2) The request must: (a) be made within 30 days after the day on which the provisional holder is given notice under section 147; and (b) be lodged with the Designated Authority. (3) If the Joint Authority receives a request under subsection (1), the Joint Authority may make a new determination under section 399. (4) The Joint Authority must give the provisional holder written notice of the new determination.