Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An entity that is required to give a payment times report may apply, in writing, to the Regulator for a further period of 28 days or less to give the report.
Note: See section 27A (requirements for applications made to the Regulator).
(2) An application under this section may only be made if:
(a) the period in which the report is required to be given has not ended; and
(b) the Regulator has not previously allowed the entity further time to give the report under this section or section 13B.
(3) The application must:
(a) state the further period that the applicant is seeking to give the report, which must end 28 or fewer days after the day the applicant would otherwise be required to give the report; and
(b) state the circumstances that have resulted in the need for further time.
(4) The Regulator may, by written notice to the entity, allow the entity such further time to give the report as is specified in the application, if:
(a) the Regulator has considered the application and any matters prescribed by the rules; and
(b) the Regulator is satisfied that the applicant requires additional time to give the report.
Note: A decision not to allow further time is reviewable: see section 51.