Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An RSA institution may apply to APRA for variation of the approval by requesting a variation of any conditions to which the approval is subject.
(2) An application must:
(a) be made in writing; and
(b) specify the variation requested by the RSA institution; and
(c) set out the reasons for the application; and
(d) be signed by a responsible officer of the RSA institution.
(3) If APRA needs further information to decide an application, APRA may request the RSA institution, in writing, to supply APRA with such further information as is specified in the request within such time as is specified in the request.
(4) If, without reasonable excuse, the RSA institution refuses or fails to comply with the request, APRA may decide to treat the application as having been withdrawn.
(5) If APRA decides, under subsection (4), to treat the application as having been withdrawn, APRA must, as soon as practicable after so deciding, inform the RSA institution in writing to that effect.