Life Insurance Act 1995
28BConditions on a NOHC registration
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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).