Commonwealth Consolidated Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 - SECT 99

                   APRA may direct an FHSA provider to comply with a specified condition on its authorisation as an FHSA provider by a specified time if APRA has reasonable grounds to believe that the FHSA provider has breached the condition. The direction must:

                     (a)  be by notice in writing given to the FHSA provider; and

                     (b)  specify a time that is reasonable in the circumstances.

Note:          A failure to comply with a direction may lead to cancellation of the authorisation (see section 107) and may be an offence (see section 112).