Subject to this section, the compliance period for an infringement notice is a period of 28 days beginning on the day after the day on which the infringement notice is issued.
ASIC may extend compliance period]
ASIC may extend, by notice in writing, the compliance period for the infringement notice if ASIC is satisfied that it is appropriate to do so.
Only one extension given]
Only one extension may be given and the extension must not be for longer than 28 days.
Notice of extension]
Notice of the extension must be given to the disclosing entity that was issued with the infringement notice.
Validity of extension]
A failure to comply with subsection (4) does not affect the validity of the extension.
Meaning of compliance period]
If ASIC extends the compliance period for an infringement notice, a reference in this Act to the compliance period for an infringement notice is taken to be a reference to the compliance period as so extended.