FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 7 - PRUDENTIAL PROVISIONS  

Division 1 - Authorisation of RSE licensees as FHSA providers  

Subdivision D - Variation or revocation of condition on authorisation as FHSA provider  

SECTION 105   Notification of APRA ' s decisions under this Division  

105(1)    
APRA must give a notice to an FHSA provider if APRA varies or revokes, under section 103 or 104 , a condition on the FHSA provider ' s authorisation as an FHSA provider.

105(2)    
The notice must:

(a) identify the authorisation condition being varied or revoked; and

(b) specify any conditions imposed under section 98 to which the authorisation is subject after the variation or revocation comes into force; and

(c) state the reasons for the variation or revocation; and

(d) specify the day, not earlier than the day on which APRA gives the notice, on which the variation or revocation comes into force.

105(3)    
If APRA refuses an application for a variation or revocation under section 103 , APRA must take all reasonable steps to ensure that the applicant is given a notice informing it of:

(a) APRA ' s refusal of the application; and

(b) the reasons for the refusal;

as soon as practicable after refusing the application.