230D

230D Supply of information about issue and revocation of directions

Power to publish notice of directions in Gazette (1) APRA may publish in the Gazette notice of any direction made under section 230B. The notice must include the name of the life company given the direction and a summary of the direction. Requirement to publish notice of revocation of certain directions in Gazette (2) If APRA publishes notice of a direction made under section 230B and then later revokes the direction, APRA must publish in the Gazette notice of that revocation as soon as practicable after the revocation. Failure to publish notice of the revocation does not affect the validity of the revocation. Requirement to provide information about direction to Treasurer (3) If the Treasurer requests APRA to provide information about:

(a) any directions under section 230B in respect of a particular life company; or

(b) any directions made during a specified period under section 230B in respect of any life companies;

APRA must comply with the request. Power to inform Treasurer of direction (4) APRA may provide any information that it considers appropriate to the Treasurer about any directions, or revocations of directions, made under section 230B, in respect of any life company, at any time. Requirement to inform Treasurer of revocation of direction if informed of making of direction (5) If APRA provides the Treasurer with information about a direction and then later revokes the direction, APRA must notify the Treasurer of the revocation of the direction as soon as practicable after the revocation. Failure to notify the Treasurer does not affect the validity of the revocation.