Queensland Consolidated Acts Queensland Consolidated Acts(1) The allocation notice holder may apply to renew the allocation notice before it expires.
(2) The application must be—
(a) made to the chief executive in the approved form; and
(b) accompanied by the fee prescribed under a regulation.
(3) Within 30 business days after receiving the application, the chief executive must—
(a) approve the renewal, as applied for, with or without conditions; or
(b) approve the renewal, as varied by the chief executive, with or without conditions; or
(c) refuse the renewal.
(4) In deciding whether to renew the allocation, the chief executive must consider the impact the renewal will have for the matters mentioned in section 282.
(5) Within 30 business days after deciding the application, the chief executive must give the applicant—
(a) an information notice; and
(b) if the renewal is approved, with or without conditions—a new allocation notice in accordance with the approval.
(6) A renewed allocation notice remains in force, unless sooner cancelled, suspended or surrendered, for the period of not more than 5 years decided by the chief executive.