Document ID: chunk:federal_register_of_legislation:C2004A00753:clause:3_9
Version: federal_register_of_legislation:C2004A00753
Segment Type: clause
Provision Reference: sch 3 cl 9
Character Range: 17186–18038

9  After subsection 92(4)
Insert:

Arrangement approval

 (4A) When deciding whether or not to approve an arrangement under subparagraph (4)(c)(ii), APRA must have regard to any written guidelines determined by APRA under this subsection.

 (4B) The approval of the arrangement given under subparagraph (4)(c)(ii) (the arrangement approval):
 (a) is subject to the conditions set out in the approval (if any); and
 (b) may be revoked by APRA by written notice given to the trustee.

 (4C) Without limiting paragraph (4B)(b), APRA may revoke an arrangement approval if:
 (a) APRA is satisfied that there has been a contravention of a condition to which the approval is subject; or
 (b) the trustee applies in writing for its revocation.

 (4D) APRA may vary or revoke the conditions of the arrangement approval by written notice given to the trustee.