Document ID: chunk:federal_register_of_legislation:C2019A00040:clause:5_131dc
Version: federal_register_of_legislation:C2019A00040
Segment Type: clause
Provision Reference: sch 5 cl 131DC
Character Range: 48798–49705

131DC  Varying or revoking a direction under this Division
 (1) APRA may:
 (a) vary a direction given to an RSE licensee under this Division, by notice in writing to the RSE licensee; or
 (b) vary a direction given to a connected entity of an RSE licensee under this Division, by notice in writing to the connected entity and the RSE licensee;
if, at the time of the variation, APRA considers that the variation is necessary and appropriate.
 (2) A direction under this Division has effect until APRA revokes it.
 (3) APRA may:
 (a) revoke a direction given to an RSE licensee under this Division, by notice in writing to the RSE licensee; or
 (b) revoke a direction given to a connected entity of an RSE licensee under this Division, by notice in writing to the connected entity and the RSE licensee;
if, at the time of revocation, APRA considers that the direction is no longer necessary or appropriate.