S 27D repealed by No 53 of 2004, s 3 and Sch 1 item 71, effective 1 July 2006. S 27D formerly read:
SECTION 27D NOTIFYING THE TRUSTEE OF THE OUTCOME OF AN APPLICATION
27D(1)
If, under section
27B
or
27C
, APRA decides to vary the approval of a trustee, APRA must:
(a)
by notice in writing, vary the approval; and
(b)
give a copy of that notice, and a statement of the reasons for the variation, to the trustee.
History
S 27D(1) amended by No 54 of 1998.
27D(2)
A notice varying an approval must:
(a)
identify the approval being varied; and
(b)
specify the day, not earlier than the day on which the notice of variation is made, when the variation begins; and
(c)
designate a particular subparagraph of paragraph
26(1)(b)
as the subparagraph on the basis of which the trustee is approved after the variation begins; and
(d)
specify any written custody requirements with which the trustee is required to comply after the variation begins; and
(e)
specify any conditions to which the approval of the trustee is subject after the variation begins.
27D(3)
If, under section
27B
, APRA decides to refuse to vary the approval of a trustee, APRA must:
(a)
by notice in writing, record that it has so decided; and
(b)
give a copy of that notice, and a statement of the reasons for the refusal to vary the approval, to the trustee.
History
S 27D(3) amended by No 54 of 1998.
S 27D inserted by No 144 of 1995.
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