FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 7 - PRUDENTIAL PROVISIONS  

Division 1 - Authorisation of RSE licensees as FHSA providers  

Subdivision A - Applying for authorisation as FHSA provider  

SECTION 91   Period within which application is to be decided  

91(1)    
APRA must decide an application for an authorisation as an FHSA provider within 30 days after receiving the application unless APRA extends the period for deciding the application under subsection (2).

91(2)    
APRA may extend the period for deciding an application by up to 14 days if APRA informs the applicant of the extension:

(a) in writing; and

(b) within 30 days after receiving the application.

91(3)    
If APRA extends the period for deciding an application, it must decide the application within the extended period.

91(4)    
If APRA has not decided an application by the end of the period in 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.