Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A body corporate may apply in writing to APRA for registration under this section (the NOHC registration ). The NOHC registration operates in relation to the body corporate and any life companies that are subsidiaries of the body corporate from time to time.
Note: The body corporate may want the registration because APRA may refuse to register a subsidiary of the body corporate under Division 1 unless the body corporate is registered under this section (see subsection 21(3)).
(2) APRA may require the body corporate to provide a statutory declaration in relation to information or documents provided in relation to the application.
(2A) APRA may, by legislative instrument, set criteria for the registration of a body corporate under this section.
(3) APRA may register an applicant if it considers it is appropriate to do so. The registration must be in writing.
(4) If APRA registers an applicant, APRA must give written notice to the applicant.
(5) The taking of an action is not invalid merely because of a failure to comply with subsection (4).