SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

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

Division 6 - Varying RSE licences  

SECTION 29FA   APRA MAY REQUEST FURTHER INFORMATION  

29FA(1)   [Notice requesting further information]  

APRA may give an RSE licensee that makes an application under section 29F a notice requesting the RSE licensee to give APRA, in writing, specified information relating to the application by a specified time that is reasonable in the circumstances.

29FA(2)   [Non-compliance]  

APRA may decide to treat an application under section 29F as having been withdrawn if the RSE licensee:


(a) does not comply with a request to provide information under this section; and


(b) does not have a reasonable excuse for not complying.

29FA(3)   [Notice of APRA's decision]  

If APRA decides to treat an application under section 29F as having been withdrawn, APRA must take all reasonable steps to ensure that the RSE licensee is given a notice informing the RSE licensee of:


(a) APRA's decision; and


(b) the reasons for that decision;

as soon as practicable after making the decision.




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