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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29DE APRA to give notice of refusal of applications

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29DE

APRA to give notice of refusal of applications

    If APRA refuses an application by a body corporate or a group of individual trustees for an RSE licence, APRA must take all reasonable steps to ensure that the body or a member of the group is given a notice informing the body or group of:

  (a)   APRA's refusal of the application; and

  (b)   the reasons for that refusal;

as soon as practicable after refusing the application.

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