Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29n
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29N
Character Range: 76811–78028

29N  Cancelling registration

 (1) APRA must cancel the registration of a registrable superannuation entity if a document that:
 (a) is a reporting document within the meaning of the Financial Sector (Collection of Data) Act 2001; and
 (b) relates to the entity; and
 (c) was given to APRA under that Act;
states that the entity has been wound up.

 (2) APRA may cancel the registration of a registrable superannuation entity if APRA is satisfied, on reasonable grounds, that:
 (a) the entity has no beneficiaries and no assets; and
 (b) there are no outstanding claims against the entity for benefits or other payments; and
 (c) other circumstances (if any) prescribed by regulations made for the purposes of this paragraph exist.

 (3) If APRA cancels the registration of a registrable superannuation entity under subsection (2), APRA must take all reasonable steps to ensure that the RSE licensee of the entity is given a notice:
 (a) stating that APRA has cancelled the registration of the entity; and
 (b) setting out the reasons for the cancellation;
as soon as practicable after cancelling the registration of the entity.

Division 5—Risk management plans

Subdivision A—Contents of risk management plans