Superannuation Industry (Supervision) Act 1993

PART 2A - LICENSING OF TRUSTEES AND GROUPS OF INDIVIDUAL TRUSTEES  

Division 4 - Grant of RSE licences  

SECTION 29DE  

29DE   APRA TO GIVE NOTICE OF REFUSAL OF APPLICATIONS  

If APRA refuses an application by a body corporate or a group of individual trustees for an RSE licence, APRA must take all reasonable steps to ensure that the body or a member of the group is given a notice informing the body or group of:

(a) APRA's refusal of the application; and

(b) the reasons for that refusal;

as soon as practicable after refusing the application.