501Refusal to grant licence—process

501 Refusal to grant licence—process

501 Refusal to grant licence—process

(1) If the regulator proposes to refuse to grant a licence, the regulator must give the applicant written notice—

(a) informing the applicant of the reasons for the proposed refusal, and

(b) advising the applicant that the applicant may, by a specified date, being not less than 28 days after giving the notice, make a submission to the regulator in relation to the proposed refusal.

(2) After the date specified in a notice under subsection (1), the regulator must—

(a) if the applicant has made a submission in relation to the proposed refusal to grant the licence—consider that submission, and

(b) whether or not the applicant has made a submission—decide whether to grant or refuse to grant the licence, and

(c) within 14 days after making the decision, give the applicant written notice of the decision, including the reasons for the decision.

Note—

A refusal to grant a licence is a reviewable decision—see section 676.