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 authorityIf 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.