sec.112OApproval continues pending decision about renewal

### sec.112O Approval continues pending decision about renewal If an assessment entity applies for renewal of approval of an assessment scheme under section 112D , the approval of the assessment scheme is taken to continue in force from the day it would, apart from this subsection, have ended until the day on which any of the following first happens— the Minister renews the approval; if the Minister decides to refuse to grant the renewal, the Minister gives the assessment entity notice of the decision; the assessment entity is taken to have withdrawn the application under section 112H (3) . If the Minister renews the approval, the approval is taken to have been renewed from the day it would, apart from subsection (1) , have ended. Subsection (1) does not apply if the approval of the assessment scheme is earlier cancelled or suspended. s 112O ins 2008 No. 14 s 12 (sec.112O-ssec.1) If an assessment entity applies for renewal of approval of an assessment scheme under section 112D , the approval of the assessment scheme is taken to continue in force from the day it would, apart from this subsection, have ended until the day on which any of the following first happens— the Minister renews the approval; if the Minister decides to refuse to grant the renewal, the Minister gives the assessment entity notice of the decision; the assessment entity is taken to have withdrawn the application under section 112H (3) . (sec.112O-ssec.2) If the Minister renews the approval, the approval is taken to have been renewed from the day it would, apart from subsection (1) , have ended. (sec.112O-ssec.3) Subsection (1) does not apply if the approval of the assessment scheme is earlier cancelled or suspended. - (a) the Minister renews the approval; - (b) if the Minister decides to refuse to grant the renewal, the Minister gives the assessment entity notice of the decision; - (c) the assessment entity is taken to have withdrawn the application under section 112H (3) .