Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY AMENDMENT ACT 2003 NO. 42, 2003 - SCHEDULE 2

- Amendment of other Acts

Banking Act 1959

1 Subsection 5(1) (definition of APRA board member)

Repeal the definition.

2 Subsection 5(1)

Insert:

"APRA member "has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

3 Paragraph 63(5)(a)

Omit "an APRA board member", substitute "an APRA member".

Financial Corporations (Transfer of Assets and Liabilities) Act 1993

4 Paragraph 12(a)

Omit ", or a member of APRA's board of management", substitute "(the Australian Prudential Regulation Authority)".

5 After paragraph 12(a)

Insert:

(aa) an APRA member, within the meaning of the Australian Prudential Regulation Authority Act 1998 ; or

Financial Sector (Shareholdings) Act 1998

6 Paragraph 44(1)(a)

Omit "the Chief Executive Officer of".

7 Paragraph 44(1)(b)

Repeal the paragraph, substitute:

(b) an APRA member (within the meaning of the Australian Prudential Regulation Authority Act 1998 ); or

Financial Sector (Transfers of Business) Act 1999

8 Subsection 4(1) (definition of APRA board member)

Repeal the definition.

9 Subsection 4(1)

Insert:

"APRA member "has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

10 Subsection 4(2)

Omit "an APRA board member,", substitute "an APRA member,".

Insurance Acquisitions and Takeovers Act 1991

11 After paragraph 69(a)

Insert:

(aa) an APRA member, within the meaning of the Australian Prudential Regulation Authority Act 1998 , or

Insurance Act 1973

12 Subsection 3(1)

Insert:

"APRA member "has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

13 Subsection 3(1)

Insert:

"APRA staff member "has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

14 Subsection 3(1A)

Omit "a person who is an APRA staff member, within the meaning of the Australian Prudential Regulation Authority Act 1998 ,", substitute "an APRA member or an APRA staff member".

15 Subparagraph 59(1)(b)(i)

Repeal the subparagraph, substitute:

(i) an APRA member or an APRA staff member; or
16 Paragraph 85(1)(b)

Omit "an APRA staff member, within the meaning of the Australian Prudential Regulation Authority Act 1998 ", substitute "an APRA member or an APRA staff member".

Reserve Bank Act 1959

17 Subsection 5(1) (definition of APRA Board member)

Repeal the definition.

18 Subsection 5(1)

Insert:

"APRA member" has the same meaning as in the Australian Prudential Regulation Authority Act 1998 .

19 Subsection 25B(2)

Repeal the subsection (including the note), substitute:

(2)
The member who is the representative of APRA referred to in paragraph 25A(c) is to be appointed by APRA. The person appointed must be an APRA member or an APRA staff member.

20 Paragraph 25K(b)

Omit "APRA's Chief Executive Officer", substitute "APRA".

21 Paragraph 25L(2)(a)

Omit "APRA's Chief Executive Officer", substitute "APRA".

22 Paragraph 25L(2)(b)

Omit "an APRA Board member", substitute "an APRA member".

Superannuation (Unclaimed Money and Lost Members) Act 1999

23 Section 8 (definition of financial sector supervisory agency)

Omit "section 56", substitute "section 3".


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback