40(1)Where a paint stewardship plan has been submitted to the Board, the Board shall, as soon as practicable,
(a)
approve the plan for a period of time not to exceed 5 years, or
(b)
reject the plan with written reasons.
40(2)Where the Board rejects a paint stewardship plan, it may
(a)
require the brand owner to comply with a paint stewardship plan prepared and approved by the Board, or
(b)
require the brand owner to resubmit a paint stewardship plan within the period of time specified by the Board.
40(3)The Board may refuse to register or may suspend the registration of a brand owner if the brand owner does not submit a paint stewardship plan within the period of time specified under paragraph (2)(b).
40(4)A plan referred to in paragraph (2)(a) expires on the date set by the Board, but the period of time for which the plan is to be effective shall not exceed 5 years.
40(5)If the Board rejects a paint stewardship plan submitted by a brand owner and does not act under subsection (2), the Board shall refuse to register the brand owner or shall suspend or cancel the registration of the brand owner, as the case may be.