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

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29HF

    If APRA refuses an application by a person for approval to hold a controlling stake in an RSE licensee, APRA must take all reasonable steps to ensure that the person 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.