Document ID: chunk:federal_register_of_legislation:C2025C00157:section:19
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 19
Character Range: 75529–76528

19  Conditions on a NOHC authorisation
 (1) APRA may, at any time, by giving written notice to an authorised NOHC:
 (a) impose conditions, or additional conditions, on the NOHC authorisation; and
 (b) vary or revoke conditions imposed on the NOHC authorisation.
The conditions must relate to prudential matters.
 (2) A condition may be expressed to have effect despite anything in the prudential standards.
 (3) If APRA imposes, varies or revokes the conditions on a NOHC authorisation, APRA must:
 (a) give written notice to the authorised NOHC; and
 (b) ensure that notice of the imposition, variation or revocation of the conditions is published in the Gazette.
 (4) The taking of an action is not invalid merely because of a failure to comply with subsection (3).
 (5) Part VI applies to the following decisions made under this section:
 (a) a decision to impose conditions, or additional conditions, on a NOHC authorisation;
 (b) a decision to vary conditions imposed on a NOHC authorisation.