FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
PART 7
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PRUDENTIAL PROVISIONS
Division 1
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Authorisation of RSE licensees as FHSA providers
Subdivision D
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Variation or revocation of condition on authorisation as FHSA provider
SECTION 102
Period for deciding applications
102(1)
APRA must decide an application under section 100 within 30 days of receiving the application, unless APRA extends the period for deciding the application under subsection (2).
102(2)
APRA may extend the period for deciding an application under section 100 by up to 14 days if APRA informs the FHSA provider of the extension:
(a) in writing; and
(b) within 30 days after receiving the application.
102(3)
If APRA extends the period for deciding an application under section 100 , it must decide the application within the extended period.
102(4)
If APRA has not decided an application under section 100 by the end of the period by which it is required to decide the application, APRA is taken to have decided, at the end of the last day of that period, to refuse the application.
APRA must decide an application under section 100 within 30 days of receiving the application, unless APRA extends the period for deciding the application under subsection (2).
102(2)
APRA may extend the period for deciding an application under section 100 by up to 14 days if APRA informs the FHSA provider of the extension:
(a) in writing; and
(b) within 30 days after receiving the application.
102(3)
If APRA extends the period for deciding an application under section 100 , it must decide the application within the extended period.
102(4)
If APRA has not decided an application under section 100 by the end of the period by which it is required to decide the application, APRA is taken to have decided, at the end of the last day of that period, to refuse the application.
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