Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)
Schedule 1 Restrictions on shareholdings
Part 1 Amendments
Financial Sector (Shareholdings) Act 1998
27 At the end of subsection 18(1)
Add:
; or (d) if the approval was granted under paragraph 14(1)(b) - the person is no longer a fit and proper person to hold the approval.