(1) For subsection 71(7) of the Act, the Regulator must vary the licence, or refuse to vary the licence, within 90 days after the day an application for a variation of the licence is received by the Regulator.
(2) For the period mentioned in subregulation (1), the following days are not counted:
(a) a Saturday, a Sunday or a public holiday in the Australian Capital Territory;
(b) a day on which the Regulator cannot proceed with the decision - making process, or a related function, because the Regulator is waiting for information that the applicant has been asked, in writing, to give.