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 B - Applying for approval  

SECTION 29HA   APPLICATION FOR APPROVAL TO HOLD A CONTROLLING STAKE  

29HA(1)  
A person may apply to APRA for approval to hold a controlling stake in an RSE licensee.

29HA(2)  
The application must:


(a) be in the approved form; and


(b) contain the information required by the approved form.

29HA(3)  
If:


(a) a person applies for approval to hold a controlling stake in an RSE licensee; and


(b) after the application is made, but before APRA decides the application, information contained in the application ceases to be correct;

the person must give APRA the correct information, in writing, as soon as practicable after the information in the application ceases to be correct.

29HA(4)  
An application is taken not to comply with this section if subsection (3) is contravened.


 

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