Retirement Savings Accounts Act 1997

PART 3 - APPROVAL OF RSA INSTITUTIONS  

SECTION 31   NOTIFYING THE RSA INSTITUTION OF THE OUTCOME OF AN APPLICATION  

31(1)   [Notice of variation]  

If, under section 29 or 30, APRA decides to vary the approval of an RSA institution, APRA must:


(a) by notice in writing, vary the approval; and


(b) give a copy of that notice, and a statement of the reasons for the variation, to the RSA institution.

31(2)   [Contents of notice]  

A notice varying an approval must:


(a) identify the approval being varied; and


(b) specify the day, not earlier than the day on which the notice of variation is made, when the variation begins; and


(c) specify any conditions to which the approval of the RSA institution is subject after the variation begins.

31(3)   [Notice of refusal to vary]  

If, under section 29 , APRA decides to refuse to vary the approval of an RSA institution, APRA must:


(a) by notice in writing, record that it has so decided; and


(b) give a copy of that notice, and a statement of the reasons for the refusal to vary the approval, to the RSA institution.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.