sec.101Replacement of Act instruments

### sec.101 Replacement of Act instruments The holder of an Act instrument may apply to the chief executive for the replacement of the instrument if it has been lost, stolen, destroyed or damaged. The chief executive must consider the application and either grant, or refuse to grant, the application. The chief executive must grant the application if the chief executive is satisfied the instrument has been lost, stolen or destroyed, or damaged in a way to require its replacement. If the chief executive grants the application, the chief executive must, on payment of the fee prescribed under a regulation, issue another instrument to the applicant to replace the lost, stolen, destroyed or damaged instrument. If the chief executive refuses to grant the application, the chief executive must immediately give the applicant an information notice about the decision. (sec.101-ssec.1) The holder of an Act instrument may apply to the chief executive for the replacement of the instrument if it has been lost, stolen, destroyed or damaged. (sec.101-ssec.2) The chief executive must consider the application and either grant, or refuse to grant, the application. (sec.101-ssec.3) The chief executive must grant the application if the chief executive is satisfied the instrument has been lost, stolen or destroyed, or damaged in a way to require its replacement. (sec.101-ssec.4) If the chief executive grants the application, the chief executive must, on payment of the fee prescribed under a regulation, issue another instrument to the applicant to replace the lost, stolen, destroyed or damaged instrument. (sec.101-ssec.5) If the chief executive refuses to grant the application, the chief executive must immediately give the applicant an information notice about the decision.