Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A company may apply in writing to APRA for registration under section 21.
(2) The application must:
(a) be made in accordance with section 8A; and
(c) nominate for the purposes of this Act:
(i) the person who is to be the principal executive officer of the life company; and
(ii) the period that is to be the financial year of the life company.
(2A) APRA may, by legislative instrument, set criteria for the registration of a company under this Act.
(3) For the purposes of determining an application, APRA may by written notice require an applicant to provide information specified in the notice, before the end of the period specified in the notice.
(4) If the applicant does not provide the specified information before the end of the specified period or any longer period agreed to in writing by APRA, the application is taken to be withdrawn.
(5) A notice under subsection (3) must include a statement about the effect of subsection (4).