29HF
CurrentAPRA to give notice of refusal of approval
Volume 1Parts 1 to 15 (sections 1 to 127)
Part 2ALicensing of trustees and groups of individual trustees
Division 8Approval to hold a controlling stake in an RSE licensee
Subdivision CApproval
29HF APRA to give notice of refusal of approval
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.
This Act’s bill:Second reading speech
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