SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131DC Varying or revoking a direction under this Division

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131DC

  (1)   APRA may:

  (a)   vary a direction given to an RSE licensee under this Division, by notice in writing to the RSE licensee; or

  (b)   vary a direction given to a connected entity of an RSE licensee under this Division, by notice in writing to the connected entity and the RSE licensee;

if, at the time of the variation, APRA considers that the variation is necessary and appropriate.

  (2)   A direction under this Division has effect until APRA revokes it.

  (3)   APRA may:

  (a)   revoke a direction given to an RSE licensee under this Division, by notice in writing to the RSE licensee; or

  (b)   revoke a direction given to a connected entity of an RSE licensee under this Division, by notice in writing to the connected entity and the RSE licensee;

if, at the time of revocation, APRA considers that the direction is no longer necessary or appropriate.