SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

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

Division 8 - Approval to hold a controlling stake in an RSE licensee  

Subdivision C - Approval  

SECTION 29HF   29HD   APRA TO GIVE NOTICE OF REFUSAL OF APPROVAL  


If APRA refuses an application by a person for approval to hold a controlling stake in an RSE licensee, APRA must take all reasonable steps to ensure that the person 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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