CTHIn ForceAct
Superannuation Industry (Supervision) Act 1993
29HFAPRA to give notice of refusal of approval
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29HF APRA to give notice of refusal of approval
If APRA refuses an application by a person for approval to hold a controlling stake in an RSE licensee, APRA must take all reasonable steps to ensure that the person is given a notice: (a) informing it of APRA’s refusal of the application; and (b) setting out the reasons for the refusal; as soon as practicable after refusing the application.