Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Regulator must decide an application that is properly made under section 12A within:
(a) the period of 6 weeks beginning on the day the Regulator received the application; or
(b) if, before the end of that period, the Regulator and applicant agree to a longer period--that longer period.
(2) If the Regulator has not decided the application within the period applicable under subsection (1), the Regulator is taken, at the end of that period, to have made a decision under section 12B refusing the application.