Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131FE

Informing the Treasurer about issue and revocation of directions

  (1)   If the Treasurer requests APRA to provide information about:

  (a)   any directions given under this Act to a particular entity; or

  (b)   any directions given under this Act, during a specified period, to any entity of a specified kind;

APRA must comply with the request.

  (2)   APRA may provide any information that it considers appropriate to the Treasurer about:

  (a)   any directions given under this Act at any time; or

  (b)   any revocations of any such directions.

  (3)   If APRA provides the Treasurer with information about a direction and then later revokes the direction, APRA must notify the Treasurer of the revocation of the direction as soon as practicable after the revocation. Failure to notify the Treasurer does not affect the validity of the revocation.

 


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