Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29HD

Approval to hold a controlling stake in an RSE licensee

    APRA must give approval for a person to hold a controlling stake in an RSE licensee if, and only if:

  (a)   the application for approval complies with section   29HA; and

  (b)   the applicant has provided to APRA all information that the applicant was requested under section   29HB to provide, or the request has been disposed of; and

  (c)   APRA has no reason to believe that, because of the person's controlling stake in the RSE licensee, or the way in which that controlling stake is likely to be used, the RSE licensee may be unable to satisfy one or more of the trustee's obligations contained in a covenant set out in sections   52 to 53, or prescribed under section   54A.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback