143XStatus of licence during review

143X Status of licence during review

143X Status of licence during review

(1) If the regulator decides to refuse to renew the licence, the licence continues to have effect until the last of the following occurs—

(a) if the licence holder does not apply for an internal review of the decision—

(i) the licence expires, or

(ii) the time for applying for an internal review ends,

(b) if the licence holder applies for an internal review of the decision—

(i) the licence holder withdraws the application for review, or

(ii) the regulator makes a decision about the review,

(c) if, following an internal review, the licence holder applies for an external review—

(i) the licence holder withdraws the application for review, or

(ii) the Civil and Administrative Tribunal makes a decision about the review.

(2) The licence continues to have effect under this section even if the licence expiry date passes.