SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 242H APRA to give notice of refusal of authority

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 242H

    If APRA refuses an application by an RSE licensee for authority to operate a regulated superannuation fund as an eligible rollover fund, APRA must take all reasonable steps to ensure that the RSE licensee 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.