FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 7 - PRUDENTIAL PROVISIONS  

Division 1 - Authorisation of RSE licensees as FHSA providers  

Subdivision D - Variation or revocation of condition on authorisation as FHSA provider  

SECTION 101   APRA may request further information  

101(1)    
APRA may give an FHSA provider that makes an application under section 100 a notice requesting the FHSA provider to give APRA, in writing, specified information relating to the application by a specified time that is reasonable in the circumstances.

101(2)    
APRA may decide to treat an application under section 100 as having been withdrawn if the FHSA provider:

(a) does not comply with a request to provide information under this section; and

(b) does not have a reasonable excuse for not complying.

101(3)    
If APRA decides to treat an application under section 100 as having been withdrawn, APRA must take all reasonable steps to ensure that the FHSA provider is given a notice informing it of:

(a) APRA ' s decision; and

(b) the reasons for that decision;

as soon as practicable after making the decision.