Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Not later than 28 days after a TCO application is lodged, the Comptroller - General of Customs must:
(a) if he or she is satisfied:
(i) that the application complies with section 269F; and
(ii) that, having regard to the information disclosed in the application and to the particulars of the inquiries made by the applicant, there are reasonable grounds for believing that the applicant has discharged the responsibility referred to in section 269FA; and
(b) if he or she is not aware of any producer in Australia of substitutable goods;
by notice in writing given to the applicant, inform the applicant that the application is accepted as a valid application; and
(c) if he or she is not so satisfied; or
(d) if he or she is aware of such a producer;
by notice in writing given to the applicant, inform the applicant that the application is rejected and of the reasons for the rejection.
(2) If the Comptroller - General of Customs has not, within that period, accepted or rejected the application, this Part has effect as if the Comptroller - General of Customs had, immediately before the end of that period, informed the applicant, by notice in writing, that the application is accepted as a valid application.