67Determination of application

67 Determination of application

67 Determination of application

(1) Subject to this section, the Regulator must, within the relevant period—

(a) if the Regulator is satisfied as to the matters referred to in section 65 and (if applicable) section 66—notify the applicant that accreditation has been granted, with or without conditions or restrictions; or

(b) if the Regulator is not so satisfied—notify the applicant that the application has been refused.

(2) Accreditation under this Law is subject to—

(a) any conditions or restrictions prescribed by the national regulations for the purposes of this section that are applicable to the accreditation; and

(b) any other condition or restriction imposed on the accreditation by the Regulator.

(3) Before imposing a condition or restriction on the accreditation of an applicant, the Regulator must, if the imposition of the intended condition or restriction is likely to result in significant costs or expenses to the applicant or any other person—

(a) conduct or cause to be conducted a cost-benefit analysis of the effect of imposing the intended condition or restriction on the accreditation; and

(b) consult with the Premier or Chief Minister, the Treasurer, and any other Minister, of a participating jurisdiction whose area of responsibility is likely to be affected by the imposition of the intended condition or restriction on the accreditation.

(4) Notification under this section—

(a) must be in writing and given to the applicant; and

(b) if accreditation has been granted, must specify—

(i) the prescribed details of the applicant; and

(ii) the scope and nature of the railway operations, and the manner in which they are to be carried out, in respect of which the accreditation is granted; and

(iii) any condition or restriction imposed by the Regulator under this section on the grant of accreditation; and

(iv) any other prescribed information; and

(c) if a condition or restriction has been imposed on the accreditation, must include—