CTHIn ForceAct
Life Insurance Act 1995
28DWhen APRA must revoke a NOHC registration
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#### 28D When APRA must revoke a NOHC registration
(1) APRA must revoke a body corporate’s NOHC registration if:
(a) the body corporate asks (in writing) APRA to do so; and
(b) APRA is satisfied that revoking the registration would not be contrary to either:
(i) the public interest; or
(ii) the interests of the policy owners of any life company that is a subsidiary of the body corporate.
(2) If APRA revokes a body corporate’s NOHC registration, APRA must give written notice to the body.
(3) Revocation under this section of the registration of a body corporate takes effect when APRA gives the body written notice of the revocation.