Superannuation Industry (Supervision) Act 1993

PART 16A - APRA ' S POWERS TO ISSUE DIRECTIONS  

Division 1 - General powers to issue directions  

SECTION 131DC   VARYING OR REVOKING A DIRECTION UNDER THIS DIVISION  

131DC(1)  
APRA may:

(a) vary a direction given to an RSE licensee under this Division, by notice in writing to the RSE licensee; or

(b) vary a direction given to a connected entity of an RSE licensee under this Division, by notice in writing to the connected entity and the RSE licensee;

if, at the time of the variation, APRA considers that the variation is necessary and appropriate.

131DC(2)  
A direction under this Division has effect until APRA revokes it.

131DC(3)  
APRA may:

(a) revoke a direction given to an RSE licensee under this Division, by notice in writing to the RSE licensee; or

(b) revoke a direction given to a connected entity of an RSE licensee under this Division, by notice in writing to the connected entity and the RSE licensee;

if, at the time of revocation, APRA considers that the direction is no longer necessary or appropriate.