sec.248Amendment of security requirements

sec.248 Amendment of security requirements

If the tenure holder— has been provisionally granted a renewal of the tenure under section 242 ; and is notified of a security requirement for the tenure; and is dissatisfied with the amount of the security required; the holder may ask the Minister to make a new decision under section 399 . The request must be made within 30 days after the day on which the holder is given notice under section 246 . If a request is made under subsection (1) , the Minister may make a new decision under section 399 . The Minister must give the holder notice of the new decision. (sec.248-ssec.1) If the tenure holder— has been provisionally granted a renewal of the tenure under section 242 ; and is notified of a security requirement for the tenure; and is dissatisfied with the amount of the security required; the holder may ask the Minister to make a new decision under section 399 . (sec.248-ssec.2) The request must be made within 30 days after the day on which the holder is given notice under section 246 . (sec.248-ssec.3) If a request is made under subsection (1) , the Minister may make a new decision under section 399 . (sec.248-ssec.4) The Minister must give the holder notice of the new decision.

• (a) has been provisionally granted a renewal of the tenure under section 242 ; and
• (b) is notified of a security requirement for the tenure; and
• (c) is dissatisfied with the amount of the security required;