Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)
Schedule 1 Restrictions on shareholdings
Part 1 Amendments
Financial Sector (Shareholdings) Act 1998
34 At the end of section 20
Add:
(4) If the applicant does not provide the specified information before the end of the specified period or any longer period agreed to in writing by the Treasurer, the application is taken to be withdrawn.
(5) A notice under subsection (2) must include a statement about the effect of subsections (3) and (4).
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