CTHIn ForceAct
Retirement Savings Accounts Act 1997
23Application for approval
Start here
Get a plain-English read of 23
Turn the raw legal text into a practical explanation grounded in Retirement Savings Accounts Act 1997.
23 Application for approval
(1) A constitutional corporation that is an ADI or a life insurance company or prescribed financial institution may apply to APRA for approval as an RSA institution for the purposes of this Act. (2) An application must: (a) be in the approved form; and (b) contain the information required by the form; and (c) be accompanied by an application fee of the prescribed amount.
Note: The approved form of application may require the applicant to set out the applicant’s tax file number. See subsection 144(1).