SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

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

Division 6 - Varying RSE licences  

SECTION 29FF   WHEN VARIATIONS OR REVOCATIONS COME INTO FORCE ETC.  

29FF(1)   [Variations affecting class of licence]  

If, under section 29FC , APRA varies an RSE licence so that it is an RSE licence of a different class:


(a) the variation comes into force on the day specified in the notice under paragraph 29FE(2)(d) ; and


(b) the variation remains in force until:


(i) the licence is again varied so that it is an RSE licence of a different class; or

(ii) the licence is cancelled.

29FF(2)   [Variations affecting conditions]  

If, under section 29FC or 29FD , APRA varies a condition imposed on an RSE licence:


(a) the variation comes into force on the day specified in the notice under paragraph 29FE(2)(d) ; and


(b) the variation remains in force until:


(i) the condition is varied in an inconsistent manner; or

(ii) the condition is revoked; or

(iii) the licence is cancelled.

29FF(3)   [Revocations]  

If, under section 29FC or 29FD , APRA revokes a condition imposed on an RSE licence, the revocation comes into force on the day specified in the notice under paragraph 29FE(2)(d) .




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.