Document ID: chunk:federal_register_of_legislation:C2025C00134:section:18:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 18 (pt 2/2)
Character Range: 132091–133329

declaration is subject has been breached:
 (a) APRA may revoke the declaration; and
 (b) the superannuation fund is taken, with effect from the revocation, to have become a public offer superannuation fund.

Commencement of declaration
 (8) A declaration comes into force when it is made, or, if a later time is specified in the declaration as the time when it comes into force, it comes into force at that later time.

Cessation of declaration
 (9) A declaration remains in force:
 (a) if a time is specified in the declaration as the time when it stops being in force—until that time, or until the declaration is revoked, whichever occurs first; or
 (b) otherwise—until the declaration is revoked.

Revocation of declaration
 (10) APRA may, in writing, revoke a declaration.

APRA must have regard to guidelines when making or revoking a declaration
 (11) When making or revoking a declaration, APRA must have regard to any written guidelines determined by APRA under this subsection.

Copy of declaration or revocation to be given to trustee
 (12) As soon as practicable after making or revoking a declaration, APRA must give the trustee of the superannuation fund concerned a copy of the instrument making or revoking the declaration.