(1) If the regulator proposes to refuse to grant a licence, the regulator must give a written notice to the applicant:
(a) informing the applicant of the reasons for the proposed refusal; and
(b) advising the applicant that the applicant may, by a specified date (being not less than 28 days after giving the notice), make a submission to the regulator in relation to the proposed refusal.
(2) After the date specified in a notice under subregulation (1), the regulator must:
(a) if the applicant has made a submission in relation to the proposed refusal to grant the licence--consider that submission; and
(b) whether or not the applicant has made a submission--decide whether to grant or refuse to grant the licence; and
(c) within 14 days after making that decision, give the applicant written notice of the decision, including the reasons for the decision.
Note: A decision to refuse to grant a licence is a reviewable decision
(see regulation 676).