Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf an application made under subsection 26BD(1) has passed preliminary assessment, the application lapses if:
(a) the application contains information that is inaccurate or misleading in a material particular; or
(b) information given to the Secretary by, or on behalf of, the applicant in connection with the application is inaccurate or misleading in a material particular; or
(c) the evaluation fee prescribed for the purposes of paragraph 26BE(3)(b) has not been paid before the end of the period worked out in accordance with the regulations.