(1) This section applies if—
(a) an application for an exemption is referred to CAP under section 172 (1); and
(b) CAP decides—
(i) that the exemption should be granted, what the terms of the exemption should be, and that the exemption should have effect in all participating jurisdictions or participating jurisdictions including the ACT; or
(ii) that the exemption should not have effect in the ACT.
(2) The competent authority must have regard to CAP's decision.