Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:8:p40
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 8 (pt 40/41)
Character Range: 731898–734587

by the company or the trustee of the unit trust.
 (2) In paragraphs (1)(m) and (n):
asset does not include:
 (a) money; or
 (b) in relation to a company, a share in the company.
 (3) If regulation 13.22B or 13.22C ceases to apply to an asset of a superannuation fund, neither regulation applies to any other asset of the fund that is:
 (a) acquired by the fund at any time; and
 (b) an interest in the company or unit trust.

Division 13.5—Reconsideration and review of decisions

13.24  Notice of reviewable decisions and reasons for decisions
 (1) As soon as practicable after the Regulator makes a reviewable decision, the Regulator must give written notice of the decision to the person at whose request the decision was made.
 (2) The notice must have with it a statement by the Regulator of the Regulator's reasons for making the decision.
 (3) The notice must include a statement to the effect that, if dissatisfied with the decision, the person may:
 (a) in the case of notice of a decision (other than a decision made by the Regulator under regulation 13.25 confirming or varying an earlier reviewable decision of the Regulator)—request reconsideration of the decision under regulation 13.25; and
 (b) in the case of notice of a decision made by the Regulator under regulation 13.25 confirming or varying an earlier reviewable decision of the Regulator—apply to the Administrative Review Tribunal for review of the decision so confirmed or varied.
 (4) Failure to comply with subregulation (3) in relation to a decision does not affect the validity of the decision.

13.25  Reconsideration of certain decisions
 (1) If a person is dissatisfied with a reviewable decision (other than a decision made by the Regulator under this regulation), the person may give notice in writing to the Regulator within:
 (a) the period of 21 days after the day on which the person first receives notice of the decision; or
 (b) such further period as the Regulator reasonably allows;
requesting the Regulator to reconsider the decision.
 (2) The person must set out in the notice the reasons for the request.
 (3) Subject to subregulation (4), the Regulator must reconsider the decision and may:
 (a) confirm the decision; or
 (b) vary or revoke the decision.
 (4) If the Regulator does not confirm, vary or revoke the decision before the end of the period of 60 days after the day on which the Regulator received the request, the Regulator is taken to have confirmed the decision under subregulation (3) at the end of that period.
 (5) If the Regulator varies or revokes a decision made under regulation 12.12, 12.13 or 12.14, the Regulator must give written notice of the variation or revocation