Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Minister may give APRA, ASIC or the Reserve Bank a written request for advice or information about a matter relevant to making a decision about making a declaration under section 16AD (including a matter relating to the affairs of an ADI).
(2) As soon as reasonably practicable after being given the request, APRA, ASIC or the Reserve Bank must give the Minister the advice or information about the matter.
(3) In making the decision, the Minister must take into account
the advice and information (if any) that he or she has been given before
making the decision. This does not limit what the Minister may take into
account in making the decision.