Document ID: chunk:federal_register_of_legislation:C2024C00451:section:43
Version: federal_register_of_legislation:C2024C00451
Segment Type: section
Provision Reference: s 43
Character Range: 51407–52563

43  Regulator must consider applications except in certain circumstances
 (1) The Regulator must consider an application under section 40 for a licence in accordance with this Part.
 (2) However, the Regulator is not required to consider the application, or may cease considering the application, if:
 (a) the application does not contain the information specified by the Regulator or prescribed by the regulations; or
 (b) the application does not satisfy subsection 40(3); or
 (c) the application is not accompanied by the application fee (if any) prescribed by the regulations; or
 (d) the applicant did not provide further information required by the Regulator by notice under section 42 within the period specified in the notice; or
 (e) the Regulator is satisfied that to issue the licence would be inconsistent with a policy principle in force under section 21; or
 (f) the Regulator is satisfied (having regard to the matters specified in section 58) that the applicant is not a suitable person to hold a licence.
 (3) The Regulator must issue the licence, or refuse to issue the licence, within the period (if any) prescribed by the regulations.