13Serious financial hardship of operator

13 Serious financial hardship of operator

If, on application by the operator, the Director is satisfied that –

(a) the repayment required under section 8(3) ; or

(b) the refund required under section 12(a)(i) or (ii)  –

would cause serious financial hardship to the operator if paid within the required period, the Director may extend that period for a further period not exceeding 12 months, either unconditionally or subject to any conditions considered appropriate in the circumstances of the case.