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

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29TE

APRA to give notice of refusal of authority

    If APRA refuses an application by an RSE licensee for authority to offer a class of beneficial interest in a regulated superannuation fund as a MySuper product, 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.

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