20 cent party, page-237

Below is a copy from APRA website , the last sentence confirms my post this morning.

As it says :AS AN EXAMPLE means anything regarding the company's activities.

TIME FRAME FOR APPROVAL
The time taken to obtain a licence may vary. It depends on the quality of application lodged, the complexity of the proposed arrangements and how responsive you are to APRA’s requirements and requests throughout the assessment period.

A licence assessment is generally an iterative process with an applicant submitting and then resubmitting documents, either in response to APRA feedback, or as the applicant’s circumstances change, or as it refines its proposal. Once APRA is satisfied that it has a substantially complete/final application, a licensing decision is ordinarily made within 90 days. The application process from initial submission until substantially complete/final application may take twelve - eighteen months depending on the readiness of the applicant and complexity of the business.

While your licence application is pending, it is important you notify APRA of any material changes to the supporting information you have lodge . As an example, you must notify APRA of any changes to the composition of the board and management. Failure to notify APRA can delay your application or possibly result in it being declined.