(1) Subject to this Division, the regulator must decide whether to approve or refuse an application for accreditation within 20 business days after receiving the application.
(2) The regulator, before the expiry of the period specified in subsection (1) or that period as extended under this subsection, may decide to extend the period within which it may decide whether to approve or refuse an application.
(3) If the regulator decides to extend the period, the regulator must give the applicant written notice of—
(a) that decision; and
(b) the new period within which the regulator intends to make the decision whether to approve or refuse an application.
New s. 75 inserted by No. 63/2017 s. 18.