Document ID: chunk:federal_register_of_legislation:C2025C00135:section:22
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 22
Character Range: 96503–97466

22  Conditions on registration
 (1) APRA may, at any time, by giving written notice to a company:
 (a) impose conditions, or additional conditions, on the company's registration under section 21; or
 (b) vary or revoke conditions imposed on the company's registration under section 21.
The conditions must relate to prudential matters.
 (2) A condition may be expressed to have effect despite anything in the prudential standards.
 (3) Without limiting the conditions that APRA may impose on a registration, APRA may make the registration conditional on a body corporate, of which the company is a subsidiary, being a registered NOHC.
 (4) If APRA imposes, varies or revokes the conditions on a company's registration, APRA must:
 (a) give written notice to the company; and
 (b) ensure that notice that the action has been taken is published in the Gazette.
 (5) The taking of an action is not invalid merely because of a failure to comply with subsection (4).