Document ID: chunk:federal_register_of_legislation:F2024C00980:reg:37
Version: federal_register_of_legislation:F2024C00980
Segment Type: reg
Provision Reference: reg 37
Character Range: 39408–40554

37  Proceeds of sale—dealing with claims for approval of security interest in aircraft
 (1) Subject to section 36, as soon as practicable after receiving a claim made in accordance with subsection 35(3), AA must consider the claim and do one of the following:
 (a) approve the claim;
 (b) approve part of the claim and refuse to approve the remaining part of the claim;
 (c) refuse to approve the claim.
Note: Decisions about claims are reviewable under section 39.
 (2) AA must give notice to the claimant of a decision under section (1).
 (3) The notice must include:
 (a) a statement of reasons for the decision; and
 (b) a statement to the effect that a person whose interests are affected by the decision may:
 (i) apply to AA for review of the decision in accordance with section 39; and
 (ii) subject to the Administrative Review Tribunal Act 2024, apply to the Administrative Review Tribunal for a review of a decision made by AA under subsection 39(3).
 (4) In making a decision under subsection (1), AA must have regard to the following:
 (a) any evidence provided by the claimant;
 (b) any other matter that AA considers appropriate.