Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) APRA may, at any time, by giving written notice to a company:
(a) impose conditions, or additional conditions, on the company's registration under section 21; or
(b) vary or revoke conditions imposed on the company's registration under section 21.
The conditions must relate to prudential matters.
(2) A condition may be expressed to have effect despite anything in the prudential standards.
(3) Without limiting the conditions that APRA may impose on a registration, APRA may make the registration conditional on a body corporate, of which the company is a subsidiary, being a registered NOHC.
(4) If APRA imposes, varies or revokes the conditions on a company's registration, APRA must:
(a) give written notice to the company; and
(b) ensure that notice that the action has been taken is published in the Gazette .
(5) The taking of an action is not invalid merely because of a failure to comply with subsection (4).