45Approval continues pending decision about renewal

45 Approval continues pending decision about renewal

(1) If an assessment entity applies for renewal of approval of an assessment scheme under section 36, the approval of the assessment scheme is taken to continue in force from the day it would, but for this subsection, have ended until the day on which any of the following first happens—

(a) the Business Licensing Authority renews the approval;

(b) if the Business Licensing Authority decides to refuse to grant the renewal, the Business Licensing Authority gives the assessment entity notice of the decision;

(c) the assessment entity is taken to have withdrawn the application under section 39(3).

(2) If the Business Licensing Authority renews the approval, the approval is taken to have been renewed from the day it would, but for subsection (1), have ended.

(3) Subsection (1) does not apply if the approval of the assessment scheme is cancelled or suspended.