FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 7 - PRUDENTIAL PROVISIONS  

Division 1 - Authorisation of RSE licensees as FHSA providers  

Subdivision B - Grant of authorisation as FHSA provider  

SECTION 92   Grant of authorisation as FHSA provider  

92(1)    
APRA must grant an authorisation as an FHSA provider to an applicant if, and only if:

(a) APRA has no reason to believe that the applicant would fail to comply with this Act, the regulations or the Prudential Standards if the authorisation were granted; and

(b) APRA has no reason to believe that the applicant would fail to comply with any condition imposed on the authorisation if it were granted; and

(c) the application complies with section 89 ; and

(d) APRA is satisfied that the applicant holds an RSE licence of a class that would enable it to be a trustee of a public offer entity; and

(e) APRA is satisfied that the applicant meets the capital requirements under section 93 ; and

(f) the application has not been withdrawn, treated as withdrawn under subsection 90(2) or taken to have been refused under subsection 91(4) .

Note:

92(2)    
Otherwise APRA must refuse the application.