Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:3_70
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 3 cl 70
Character Range: 353166–353737

70  At the end of section 230AB
Add:
 (4) A recapitalisation direction may deal with the time by which, or period during which, it is to be complied with.
 (5) APRA may, by notice in writing to the life company, vary the recapitalisation direction if, at the time of the variation, it considers that the variation is necessary and appropriate.
 (6) The direction has effect until APRA revokes it by notice in writing to the life company. APRA may revoke the direction if, at the time of revocation, it considers that the direction is no longer necessary or appropriate.