Document ID: chunk:federal_register_of_legislation:F2023C00983:reg:7
Version: federal_register_of_legislation:F2023C00983
Segment Type: reg
Provision Reference: reg 7
Character Range: 8147–9616

7  Conditions on approvals
 (1) Under section 16 of the Act, an approval granted under subsection 6(1) is subject to each of the conditions set out in this section.

Condition 1: provision of documents to APRA
 (2) The entity mentioned in item 4C of the table in subsection 6(3) must give to APRA copies of all of the following documents:
 (a) any independent advice commissioned and received by the board of directors of the entity relating to the entity's overall investment strategy, strategic asset allocations, associated risks, and investment manager performance;
 (b) minutes and resolutions from the meetings of the Joint Shareholders Committee (being the committee established by the Joint Shareholders Committee Agreement between the entities mentioned in subsection (4));
 (c) minutes and resolutions from the meetings of the Limited Partner Advisory Committee (being the advisory committee consisting of representatives of the limited partners of the entity mentioned in item 30H of the table in subsection 6(2)).
 (3) A document required to be given to APRA under subsection (2) must be given to APRA at the same time it is given to the Bermuda Monetary Authority.
 (4) An entity is mentioned in this subsection if it is mentioned in items 30A, 30C, 30D, 30F, 30G, 38, 46A, 58A, 62A, 70A, 72A, 100B, 100C, 112A, 138A, 146A and 172A of the table in subsection 6(2).

Part 3—Go ahead decision: trigger proposal relating to Resolution Life and AIA Australia