102
In forceApproved scheme—decision on application to change
Part 6Residential building work—warranties, conditions, insurance etc
Division 6.4Approved fidelity fund schemes
102 Approved scheme—decision on application to change
(1)
If the Minister receives an application under section 101, the Minister must approve, or refuse to approve, the change.
(2)
The Minister may approve a change to a fidelity fund scheme only if satisfied the scheme would continue to comply with the approval criteria and the prudential standards.
(3)
An approval or refusal is a notifiable instrument.
This Act’s bill:Explanatory statementSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.