Document ID: chunk:federal_register_of_legislation:C2024C00648:section:18nb
Version: federal_register_of_legislation:C2024C00648
Segment Type: section
Provision Reference: s 18NB
Character Range: 221126–222575

18NB  Granting a servicing licence
 (1) The Secretary must grant an application for a servicing licence unless there are grounds for refusal under this Act.
Note: The Secretary may refuse to grant a servicing licence:
(a) if the applicant fails to comply with a request for further information or documents (see subsection 18NA(4)); or
(b) because of other circumstances set out in section 18NC.
 (2) The Secretary must give the applicant written notice of the decision on the application within 28 days after the application is made (the consideration period).
 (3) If the Secretary requests an applicant under subsection 18NA(4) to provide information or documents, the time taken by the applicant to provide the information or documents is not to be included in the consideration period.
 (4) If the Secretary grants an applicant a servicing licence, the Secretary must:
 (a) approve a mark for use by the servicing licensee and employees of the servicing licensee when verifying measuring instruments; and
 (b) include details of the mark in the notice given to the applicant under subsection (2); and
 (c) specify the period for which the licence is granted in the notice given to the applicant under subsection (2).
 (5) If the Secretary fails to give the applicant written notice of the decision under subsection (2) within the consideration period the Secretary is, at the end of the period, taken to have refused to grant the application.