Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If APRA makes or varies a non - ADI lender rule referred to in paragraph 38C(2)(c) it must, as soon as practicable, give a copy of the rule, or of the variation, to the non - ADI lender, or to each non - ADI lender, to which the rule applies.
(2) If APRA revokes a non - ADI lender rule referred to in paragraph 38C(2)(c) it must, as soon as practicable, give notice of the revocation to the non - ADI lender, or to each non - ADI lender, to which the rule applied.
(3) If APRA extends the period mentioned in subsection 38D(1) in relation to a non - ADI lender rule referred to in paragraph 38C(2)(c) it must, as soon as practicable, give notice of the extension to the non - ADI lender, or to each non - ADI lender, to which the rule applies.
(4) Before making a non - ADI lender rule, or varying or revoking a non - ADI lender rule, APRA must consult with ASIC.
(5) A failure to comply with subsection (4) does not
affect the validity of the action concerned.