Marginal note:Extension period
22 (1) Where the Minister is unable to complete the consideration of an investment within the forty-five day period referred to in subsection 21(1), the Minister shall, within that period, send a notice to that effect to the applicant and the Minister shall, within thirty days from the date of the sending of the notice or within such further period as may be agreed on by the applicant and the Minister, complete the consideration of the investment.
Marginal note:Notice
(2) If, within the thirty day period referred to in subsection (1) or such further period as is agreed on pursuant to that subsection, the Minister is satisfied that the investment is likely to be of net benefit to Canada, the Minister shall, within that period, send a notice to that effect to the applicant.
Marginal note:Where Minister deemed to be satisfied
(3) Subject to section 23, where the Minister does not send a notice under subsection (2) within the period referred to in that subsection, the Minister is deemed to be satisfied that the investment is likely to be of net benefit to Canada and shall send a notice to that effect to the applicant.
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