CTHIn ForceAct
Life Insurance Act 1995
28BConditions on a NOHC registration
Start here
Get a plain-English read of 28B
Turn the raw legal text into a practical explanation grounded in Life Insurance Act 1995.
#### 28B Conditions on a NOHC registration
(1) APRA may, at any time, by giving written notice to a registered NOHC:
(a) impose conditions, or additional conditions, on the NOHC registration; and
(b) vary or revoke conditions imposed on the NOHC registration.
The conditions must relate to prudential matters.
(2) A condition may be expressed to have effect despite anything in the prudential standards.
(3) If APRA imposes, varies or revokes the conditions on a NOHC registration, APRA must:
(a) give written notice to the registered NOHC; and
(b) ensure that notice that the action has been taken is published in the Gazette.
(4) The taking of an action is not invalid merely because of a failure to comply with subsection (3).