Document ID: chunk:federal_register_of_legislation:C2012A00117:clause:2_20
Version: federal_register_of_legislation:C2012A00117
Segment Type: clause
Provision Reference: sch 2 cl 20
Character Range: 40273–40914

20  Paragraph 29D(1)(d)
Repeal the paragraph, substitute:
 (d) APRA is satisfied that:
 (i) if the application is made by a body corporate—the body corporate meets the requirements of the prudential standards relating to fitness and propriety for RSE licensees; or
 (ii) if the application is made by a group of individual trustees—the group as a whole meets the requirements of the prudential standards relating to fitness and propriety for RSE licensees and each of the members of the group meets the requirements of the prudential standards relating to fitness and propriety for members of groups of trustees that are RSE licensees; and