Document ID: chunk:federal_register_of_legislation:C2025C00135:section:26:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 26 (pt 2/2)
Character Range: 100733–101518

has no liabilities in respect of life insurance business carried on by it in Australia.
 (4) If APRA gives a notice under subsection (2) to a company, APRA must not revoke the company's registration until after the date specified in the notice, and after consideration of any submission, as mentioned in paragraph (2)(b).
 (5) APRA may decide that subsection (2) does not apply if APRA is satisfied that complying with that subsection could result in a delay in revocation that would be contrary to the public interest.
 (6) If APRA revokes a company's registration, APRA must:
 (a) give written notice to the company; and
 (b) ensure that notice of the revocation is published in the Gazette.
 (7) A revocation is not invalid merely because of a failure to comply with subsection (6).