28Approval valid until new application decided

28 Approval valid until new application decided (1) This section applies if an entity— (a) holds an approval under section 27; and (b) before the approval ends, applies in writing for a new approval. (2) The entity’s existing approval continues in force until the application is decided. (3) Subsection (2) applies even if it causes the existing approval to be in force for longer than the maximum term stated in section 27 (3) (a).