FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)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 C
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Conditions on authorisation as FHSA provider
SECTION 99
99
Directions to comply with conditions on authorisation
APRA may direct an FHSA provider to comply with a specified condition on its authorisation as an FHSA provider by a specified time if APRA has reasonable grounds to believe that the FHSA provider has breached the condition. The direction must:
(a) be by notice in writing given to the FHSA provider; and
(b) specify a time that is reasonable in the circumstances.
APRA may direct an FHSA provider to comply with a specified condition on its authorisation as an FHSA provider by a specified time if APRA has reasonable grounds to believe that the FHSA provider has breached the condition. The direction must:
(a) be by notice in writing given to the FHSA provider; and
(b) specify a time that is reasonable in the circumstances.
Note:
A failure to comply with a direction may lead to cancellation of the authorisation (see section 107 ) and may be an offence (see section 112 ).
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