Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29s:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29S (pt 2/2)
Character Range: 211500–212470

(b) after the application is made, but before APRA decides the application, information contained in the application ceases to be correct;
the RSE licensee must give APRA the correct information, in writing, as soon as practicable after the information in the application ceases to be correct.
 (6) An application is taken not to comply with this section if subsection (3), (4) or (5) is contravened.
Note: APRA cannot give authority to offer a class of beneficial interest in the fund as a MySuper product while the application does not comply with this section: see paragraph 29T(1)(a).

Lapsed applications
 (7) An application for authority lapses if:
 (a) it was made by an RSE licensee; and
 (b) the RSE licensee ceases to be an RSE licensee before:
 (i) APRA makes a decision on the application for authority; or
 (ii) if APRA's decision with respect to the application is subject to review under this Act—the review is finally determined or otherwise disposed of.