86Determination of application

86 Determination of application

86 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 85—notify the applicant that registration 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) Registration under this Law is subject to—

(a) any conditions or restrictions prescribed by the national regulations for the purposes of this section; and

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

(3) Notification under this section—

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

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

(i) the prescribed details of the applicant; and

(ii) the prescribed details of the private siding; and

(iii) any conditions and restrictions imposed by the Regulator on the registration; and

(iv) any other prescribed information; and

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

(i) the reasons for imposing the condition or restriction; and

(ii) information about the right of review under Part 7; and

(d) if the application has been refused, must include—

(i) the reasons for the decision to refuse to grant the application; and

(ii) information about the right of review under Part 7; and

(e) if the relevant period in relation to the application has been extended, must include information about the right of review under Part 7.

(4) In this section—

relevant period, in relation to an application, means—