Document ID: chunk:federal_register_of_legislation:C2009A00075:clause:1_28d
Version: federal_register_of_legislation:C2009A00075
Segment Type: clause
Provision Reference: sch 1 cl 28D
Character Range: 11501–12143

28D  When APRA must revoke a NOHC registration
 (1) APRA must revoke a body corporate's NOHC registration if:
 (a) the body corporate asks (in writing) APRA to do so; and
 (b) APRA is satisfied that revoking the registration would not be contrary to either:
 (i) the public interest; or
 (ii) the interests of the policy owners of any life company that is a subsidiary of the body corporate.
 (2) If APRA revokes a body corporate's NOHC registration, APRA must give written notice to the body.
 (3) Revocation under this section of the registration of a body corporate takes effect when APRA gives the body written notice of the revocation.