Section 79H: Application for review
This section is inserted by 18 THE FINANCE ACT 2025, section 10.
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
79H. Application for review
(1) A credit union aggrieved by a decision of the
Registrar may, within 21 days of the decision, apply to the
Review Panel for a review specifying the reasons and forward
a copy of the application to the Registrar.
(2) Where a credit union is unable to make an
application within the period of 21 days referred to in
subsection (1), the Review Panel may, on good cause shown,
accept to hear the application outside delay.
(3) Where no application is made under
subsection (1), the decision of the Registrar shall take effect
immediately after 21 days of the decision.
(4) The Review Panel may confirm, amend or
cancel the Registrar’s decision, or make such other order
as it deems fit.
(5) Where an application to review the decision of
the Registrar is made to the Review Panel under this section,
the review proceedings shall be conducted in accordance
with Sub-part F of Part IVB of the Financial Intelligence and
Anti-Money Laundering Act, with such modifications and
adaptations as may be necessary.