Commonwealth Consolidated Acts

VENTURE CAPITAL ACT 2002 - SECT 21.10

             (1)  Subject to this section, * Innovation Australia must decide an application for registration under this Part within 60 days after receiving it.

             (2)  If * Innovation Australia thinks that it will take longer to decide the application, Innovation Australia may extend, by up to 60 days, the period for deciding it.

             (3)  An extension must be made by written notice given to the applicant within 60 days after * Innovation Australia receives the application.

             (4)  If * Innovation Australia extends the period, Innovation Australia must decide the application within the extended period.