Superannuation Industry (Supervision) Act 1993
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Hide history noteAPRA must give a notice to an RSE licensee if APRA:
(a) varies the RSE licensee's RSE licence under section 29FC so that it is an RSE licence of a different class; or
(b) varies or revokes, under section 29FC or 29FD , a condition that APRA imposed on the RSE licence under section 29EA . 29FE(2) [Contents of notice]
(a) if paragraph (1)(a) applies - specify the class of the RSE licence after the variation; and
(b) if paragraph (1)(b) applies:
(i) identify the licence condition being varied or revoked; and
(ii) specify any conditions imposed under section 29EA to which the licence is subject after the variation or revocation comes into force; and
(c) state the reasons for the variation or revocation; and
(d) specify the day, not earlier than the day on which APRA gives the notice, on which the variation or revocation comes into force. 29FE(3) [Contents of notice of refusal]
If APRA refuses an application for a variation or revocation under section 29FC , APRA must take all reasonable steps to ensure that the RSE licensee that made the application is given a notice informing it of:
(a) APRA's refusal of the application; and
(b) the reasons for the refusal;
as soon as practicable after refusing the application.
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