FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)
Before cancelling the authorisation as an FHSA provider of an FHSA provider that is also a financial services licensee, APRA must consult ASIC if, in APRA ' s opinion, the cancellation might reasonably be expected to affect the FHSA provider ' s ability to provide one or more of the financial services (within the meaning of the Corporations Act 2001 ) that the FHSA provider provides.
108(2)
If APRA cancels the authorisation as an FHSA provider of an FHSA provider that is also a financial services licensee, APRA must inform ASIC of the cancellation within one week after the cancellation.
108(3)
A failure to comply with a requirement of this section does not affect the validity of the cancellation of an authorisation as an FHSA provider.
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