APRA is taken, for the purposes of section 168, to have refused to approve the termination if APRA does not notify the applicant of its decision on the application:
(a) within 90 days after the application was made; or
(b) if APRA has given the applicant a notice under section 36 requiring the applicant to give further information relating to the application--within 90 days after the applicant gives that information to APRA;
whichever is later.