Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_881d
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 881D
Character Range: 207379–208104

881D  What happens if an application contains a statement in accordance with paragraph 881B(2)(d)

 (1) If a licence application contains a statement in accordance with paragraph 881B(2)(d), the Minister must consider whether he or she is satisfied that the market will be covered by Division 4.

 (2) If the Minister is not so satisfied, the application for the licence must be rejected.

 (3) If the Minister is so satisfied, the Minister may (subject to the other provisions about granting licences) grant the licence.

Note: The other provisions about granting licences are in Subdivision A of Division 4 of Part 7.2.

Division 3—Approved compensation arrangements

Subdivision A—Approval of compensation arrangements