An exemption or determination by the Reserve Bank that was in force immediately before the commencement of this Schedule under paragraph 8(2)(l) of the Financial Corporations Act 1974 continues to have effect as if it were an exemption or determination by APRA under paragraph 7(2)(j) of the Financial Sector (Collection of Data) Act 2001 .
On the commencement of this Schedule, the Register of Corporations that, immediately before that commencement, was kept by the Reserve Bank under subsection 9(9) of the Financial Corporations Act 1974 continues in existence as the Register of Entities kept by APRA under section 8 of the Financial Sector (Collection of Data) Act 2001 .
(1) On the commencement of this Schedule:
(2) An obligation on the Reserve Bank to publish notice, or to notify a
person, of a matter under section 10 of the Financial Corporations Act
1974 , being an obligation that is undischarged as at the commencement of this
Schedule, becomes, on that commencement, an obligation that APRA is to
discharge in respect of the corresponding matter under section 11 of the
Financial Sector (Collection of Data) Act 2001 .
(3) A determination by the
Reserve Bank that was in force under a provision of section 10 of the
Financial Corporations Act 1974 immediately before the commencement of this
Schedule continues to have effect, after that commencement, as if it were a
determination by APRA under the corresponding provision of section 11 of
the Financial Sector (Collection of Data) Act 2001 .
(4) A request to the
Reserve Bank under subsection 10(7) of the Financial Corporations Act 1974
that has not been dealt with by the commencement of this Schedule is, after
that commencement, to be dealt with by APRA as if it were a request under
subsection 11(7) of the Financial Sector (Collection of Data) Act 2001 .
In this Schedule:
"APRA" means the Australian Prudential Regulation
Authority.
"Reserve Bank" means the Reserve Bank of Australia.