SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 24 - ELIGIBLE ROLLOVER FUNDS  

Division 2 - Authority to operate an eligible rollover fund  

Subdivision B - Authority  

SECTION 242H   242H   APRA TO GIVE NOTICE OF REFUSAL OF AUTHORITY  


If APRA refuses an application by an RSE licensee for authority to operate a regulated superannuation fund as an eligible rollover fund, APRA must take all reasonable steps to ensure that the RSE licensee is given a notice:


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


(b) setting out the reasons for the refusal;

as soon as practicable after refusing the application.




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