64Application for approval of change

64 Application for approval of change (1) The trustees of an approved scheme may apply in writing to the Minister for approval to change the scheme. (2) The application must: (a) be signed by all the trustees of the scheme; and (b) set out the proposed change and the reasons for it. (3) The Minister may, in writing: (a) approve the change; or (b) refuse to approve the change, giving reasons for the refusal. (4) However, the Minister must refuse to approve the change if not satisfied the scheme, as proposed to be changed, would continue to meet the approval criteria and prudential standards. (5) This regulation does not apply if the only change is in relation to the scheme's bank account. Note for regulation 64 For approval to appoint a new trustee for the scheme see section 54DBA of the Act. Division 5 Other matters