Commonwealth Consolidated Acts

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - SECT 66

             (1)  A person who is affected by a reviewable decision may, if dissatisfied with the decision, by notice given to the Minister within:

                     (a)  the period of 21 days after the day on which the decision first comes to the notice of the person; or

                     (b)  such further period as the Minister allows;

request the Minister to reconsider the decision.

             (2)  The reasons for making the request must be set out in the request.

             (3)  Upon receipt of the request, the Minister must reconsider the decision and may, subject to subsection (4), confirm or revoke the decision or vary the decision in such manner as the Minister thinks fit.

             (4)  If the Minister does not confirm, revoke or vary a decision before the end of the period of 21 days after the day on which the Minister received the request under subsection (1) to reconsider the decision, the Minister is taken, at the end of that period, to have confirmed the decision under subsection (3).

             (5)  If the Minister confirms, revokes or varies a decision before the end of the period referred to in subsection (4), the Minister must, by notice served on the applicant, inform the applicant of the result of the reconsideration of the decision and the reasons for confirming, revoking or varying the decision, as the case may be.