149Amendment of security requirements

149 Amendment 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 Minister to make a new determination under section 399.

(2) The request must be made within 30 days after the day on which the provisional holder is given notice under section 147.

(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 provisional holder written notice of the new determination.