(1) The authority must consider the application and decide whether the information in the applicant's tertiary entrance statement is fair or unfair.
(2) The authority must give the applicant a notice as soon as practicable after deciding the decision.
(3) If the authority decides the information is unfair, the authority must also—
(a) issue a replacement tertiary entrance statement, containing the corrected information, to the applicant; and
(b) refund the review fee to the applicant; and
(c) if the information that is the subject of the application was made available to an entity under section 155—notify the entity of the corrected information.