Pt 2 repealed by No 53 of 2004, s 3 and Sch 1 item 71, effective 1 July 2006.

S 27A repealed by No 53 of 2004, s 3 and Sch 1 item 71, effective 1 July 2006. S 27A formerly read:

SECTION 27A APPLICATION FOR VARIATION OF AN APPROVAL  
27A(1)
An approved trustee may apply to APRA for variation of the approval of the trustee by requesting a variation of:

(a) the designation of the subparagraph of paragraph 26(1)(b) as the subparagraph on the basis of which the trustee is approved; or

(b) any written custody requirements with which the trustee is required to comply; or

(c) any conditions to which the approval is subject.

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History

S 27A(1) amended by No 54 of 1998.

27A(2)
An application must:

(a) be made in writing; and

(b) specify the variation requested by the trustee; and

(c) set out the reasons for the application; and

(d) be signed by a responsible officer of the trustee.
27A(3)
If APRA needs further information to decide an application, APRA may request the trustee, in writing, to supply APRA with such further information as is specified in the request within such time as is specified in the request.

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S 27A(3) amended by No 54 of 1998.

27A(4)
If, without reasonable excuse, the trustee refuses or fails to comply with the request, APRA may decide to treat the application as having been withdrawn.

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S 27A(4) amended by No 54 of 1998.

27A(5)
If APRA decides, under subsection (4), to treat the application as having been withdrawn, APRA must, as soon as practicable after so deciding, inform the applicant in writing to that effect.

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History

S 27A(5) amended by No 54 of 1998.

S 27A inserted by No 144 of 1995.