Superannuation Industry (Supervision) Act 1993

PART 23 - FINANCIAL ASSISTANCE TO CERTAIN FUNDS  

Division 1 - Preliminary  

SECTION 230A   APRA TO ADVISE MINISTER IN RELATION TO APPLICATION FOR ASSISTANCE  

230A(1)   [Written request for advice]  

The Minister must make a written request to APRA for advice in relation to the application. The request may specify:

(a) particular matters that APRA is to provide advice about; and

(b) a time by which the advice must be provided.

230A(2)   [APRA to comply]  

APRA must comply with the request and may, in its advice, also address any other issues that APRA considers relevant to the determination of the application.

230A(3)   [Tabling in Parliament]  

The Minister's written request to APRA made under subsection (1) for advice in relation to the application for assistance must be laid before each House of the Parliament as soon as practicable after the Minister has made a written determination under subsection 231(1) .

230A(4)   [ Minister's power to delegate]  

The Minister may, by signed instrument, delegate the Minister's function under subsection (1) to an SES employee, or acting SES employee, in the Department.

230A(5)   [ Minister's directions to delegate]  

In exercising a function delegated under subsection (4), a delegate must comply with any directions of the Minister.