Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:9_46
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 9 cl 46
Character Range: 151507–152131

46  Before paragraph 914A(4)(a)
Insert:
 (aa) ASIC cannot impose, vary or revoke a condition on the licence if the licensee is authorised to provide a superannuation trustee service and doing so would, in ASIC's opinion, have the result of preventing the licensee from providing that service, unless:
 (i) APRA has agreed in writing with the proposed action; or
 (ii) the licensee applied under paragraph 914A(2)(b) for ASIC to take the proposed action; or
 (iii) the licensee's RSE licence is not in effect, and is not treated by section 29GB of the Superannuation Industry (Supervision) Act 1993 as if it were in effect;