(1) A trustee may apply to the Registrar for an extension of time to—
(a) sell, call in or convert property under section 14(1)(a); and
(b) pay the unclaimed money to the Registrar under section 14(1)(b); and
(c) lodge a statement with the Registrar under section 14(1)(c).
(2) An application made by a trustee for an extension of time must—
(a) be made no later than 12 months after the expiration of the required period; and
(b) be in writing; and
(c) state in detail the reason or reasons why the trustee requires an extension of time.