Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 15 : Financial Services TribunalPart 4 : Reconsideration of decisions230. Applications for reconsideration of decisions |
(1)
| (a) | A person aggrieved by a decision may apply to the Tribunal for a reconsideration of the decision by the Tribunal in accordance with this Part. |
| (b) | A reconsideration of a decision in terms of this Part constitutes an internal remedy as contemplated in section 7(2) of the Promotion of Administrative Justice Act. |
(2) The application must be made—
| (a) | if the applicant requested reasons in terms of section 229, within 30 days after the statement of reasons was given to the person; or |
| (b) | in all other cases, within 60 days after the applicant was notified of the decision, or such longer period as may on good cause be allowed. |
| (3) | An application in terms of subsection (1) must be made in accordance with the Tribunal rules. |