Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29hb
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29HB
Character Range: 57791–58624

29HB  Modifications etc. to risk management strategies

 (1) An RSE licensee may:
 (a) modify its risk management strategy; or
 (b) repeal its risk management strategy and replace it with a new risk management strategy.

 (2) However, after the modification or the repeal and replacement, the risk management strategy must comply with section 29H.

 (3) APRA may direct an RSE licensee to modify its risk management strategy as set out in the direction, by a specified time, to ensure that the strategy complies with section 29H. The direction is to be given by notice to the RSE licensee.

Note: A failure to comply with a direction may be an offence: see section 29JC.

 (4) A time specified in a direction given to an RSE licensee under subsection (3) must be at least 14 days after the direction is given to the RSE licensee.