Pooled Development Funds Act 1992

PART 7A - INVESTMENTS BY VENTURE CAPITAL ENTITIES  

SECTION 52B   PERIOD WITHIN WHICH APPLICATION MUST BE DECIDED  

52B(1)   [Decision]  

Subject to this section, the Board must decide an application for registration under this Part within 45 days after receiving it.

52B(2)   [Extended deliberation]  

If the Board thinks that it will take longer to decide the application, the Board may extend, by up to 45 days, the period for deciding it.

52B(3)   [Extension notice]  

An extension must be made by written notice given to the applicant within 45 days after the Board receives the application.

52B(4)   [Decision to be made]  

If the Board makes an extension, the Board must decide the application within the extended period.