(1) CASA must, in writing, approve or refuse to approve:
(a) an application for an AOC; and
(b) an application for a variation of an AOC.
(2) If CASA approves an application for an AOC under subregulation (1), it is taken to have approved:
(a) the applicant's manual; and
(b) if applicable--the schedule mentioned in paragraph 137.045(3)(c).
(3) CASA is taken to have refused an application for an AOC if it has not approved or refused the application within the period of 90 days starting on the later of the following:
(a) the day the application is made;
(b) the day the applicant has complied with any notice given by CASA under section 27AC of the Act.
(4) CASA is taken to have refused an application for a variation
of an AOC if it has not approved or refused the application within the period
of 90 days starting when the application is made.