Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies in relation to an approved arrangement (including an approved arrangement that is suspended, or a part of which is suspended, under Part 5) if there is an expiry date for the approved arrangement.
Note: See subsections 154(3) and (4) in relation to the expiry date for an approved arrangement.
(2) The holder of the approved arrangement may apply to the Secretary to renew the approved arrangement.
Note: Section 377 sets out requirements for applications.
(3) An application for renewal may relate to more than one approved arrangement.
(4) An application for renewal must be made:
(a) within the period prescribed by the rules; or
(b) if the Secretary allows a longer period--within that longer period.
(5) If an application to renew an arrangement is made after the period applying under subsection (4):
(a) the application is taken to be an application to approve the arrangement; and
(b) Part 2 applies in relation to the application; and
(c) the other provisions of this Part do not apply in relation to the application.