112Amendment of security requirements

112 Amendment of security requirements

112 Amendment of security requirements

(1) If the licence holder:

(a) has been provisionally granted a renewal of the licence under section 108, and

(b) is notified of a security requirement, and

(c) is dissatisfied with the amount of the security required,

the holder may ask the Minister to make a new determination under section 399.

(2) The request must be made within 30 days after the day on which the holder is given notice under section 110.

(3) If a request is made under subsection (1), the Minister may make a new determination under section 399.

(4) The Minister must give the holder written notice of the new determination.