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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29FF

When variations or revocations come into force etc.

  (1)   If, under section   29FC, APRA varies an RSE licence so that it is an RSE licence of a different class:

  (a)   the variation comes into force on the day specified in the notice under paragraph   29FE(2)(d); and

  (b)   the variation remains in force until:

  (i)   the licence is again varied so that it is an RSE licence of a different class; or

  (ii)   the licence is cancelled.

  (2)   If, under section   29FC or 29FD, APRA varies a condition imposed on an RSE licence:

  (a)   the variation comes into force on the day specified in the notice under paragraph   29FE(2)(d); and

  (b)   the variation remains in force until:

  (i)   the condition is varied in an inconsistent manner; or

  (ii)   the condition is revoked; or

  (iii)   the licence is cancelled.

  (3)   If, under section   29FC or 29FD, APRA revokes a condition imposed on an RSE licence, the revocation comes into force on the day specified in the notice under paragraph   29FE(2)(d).


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