sec.163Corresponding approvals

sec.163 Corresponding approvals

This section applies to an approval granted in another jurisdiction if— the approval is issued or given under a provision of the law of the other jurisdiction corresponding to a provision (the relevant provision ) of any of the following sections— section 21 ; section 50 ; section 53 ; section 113 ; section 114 ; section 133 ; section 245 ; and the approval has effect in the other jurisdiction; and the competent authorities panel has decided that the approval should have effect in all participating jurisdictions or 1 or more participating jurisdictions including this jurisdiction, and the panel has not reversed its decision. Other than for circumstances that do not exist in this jurisdiction, the approval has effect in this jurisdiction as if it were an approval given by the chief executive under the relevant provision. (sec.163-ssec.1) This section applies to an approval granted in another jurisdiction if— the approval is issued or given under a provision of the law of the other jurisdiction corresponding to a provision (the relevant provision ) of any of the following sections— section 21 ; section 50 ; section 53 ; section 113 ; section 114 ; section 133 ; section 245 ; and the approval has effect in the other jurisdiction; and the competent authorities panel has decided that the approval should have effect in all participating jurisdictions or 1 or more participating jurisdictions including this jurisdiction, and the panel has not reversed its decision. (sec.163-ssec.2) Other than for circumstances that do not exist in this jurisdiction, the approval has effect in this jurisdiction as if it were an approval given by the chief executive under the relevant provision.

• (a) the approval is issued or given under a provision of the law of the other jurisdiction corresponding to a provision (the relevant provision ) of any of the following sections— (i) section 21 ; (ii) section 50 ; (iii) section 53 ; (iv) section 113 ; (v) section 114 ; (vi) section 133 ; (vii) section 245 ; and
• (i) section 21 ;
• (ii) section 50 ;
• (iii) section 53 ;
• (iv) section 113 ;
• (v) section 114 ;
• (vi) section 133 ;
• (vii) section 245 ; and
• (b) the approval has effect in the other jurisdiction; and
• (c) the competent authorities panel has decided that the approval should have effect in all participating jurisdictions or 1 or more participating jurisdictions including this jurisdiction, and the panel has not reversed its decision.
• (i) section 21 ;
• (ii) section 50 ;
• (iii) section 53 ;
• (iv) section 113 ;
• (v) section 114 ;
• (vi) section 133 ;