(1) A child in respect of whom an amount has been registered under section 726 may apply to the registrar of the Children's Court personally or in writing or in any other manner approved by the registrar for one or more of the following—
(a) an order that the time within which the registered amount is to be paid be extended;
(b) an order that the registered amount be paid by instalments;
(c) a variation to an order under paragraph (a) or (b).
(2) On receipt of an application under subsection (1), the registrar of the Children's Court may do one or more of the following—
(a) allow additional time for the payment of the registered amount or the balance of the registered amount;
(b) direct payment of the registered amount to be made by instalments;
(c) direct payment of the registered amount or instalments to be made at the time or times specified by the registrar of the Children's Court;
(d) vary the amount of instalments.