33Deciding the application

33 Deciding the application

(1) If the holder complies with paragraph 32(1)(a), the Secretary must make a decision on the application within the period of 20 business days after receiving the application. (2) If, during the period, the Secretary requests further information or documents in relation to the application, the period is extended by the time the holder takes to comply with the request.

Note: If the holder does not give the information or documents as requested by the Secretary, the application is taken to have been withdrawn: see subsection 32(3).

(3) The Secretary must give the holder written notice of the Secretary’s decision as soon as practicable after making the decision. (4) If the Secretary approves a person as an approved person, the approval: (a) remains in force for the period specified in the approval (which must not exceed 2 years); and (b) is subject to any conditions specified in the approval.