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Superannuation Industry (Supervision) Act 1993
29MCAPRA to give notice of refusal of applications
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29MC APRA to give notice of refusal of applications
If APRA refuses an application by an RSE licensee for registration of a registrable superannuation entity, APRA must take all reasonable steps to ensure that the RSE licensee 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.