New South Wales Consolidated Acts
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PROPERTY AND STOCK AGENTS ACT 2002 - SECT 87
Approval of authorised deposit-taking institutions
87 Approval of authorised deposit-taking institutions
(1) The Secretary may approve an authorised deposit-taking institution for the
purposes of this Part and may revoke any such approval by notice in writing to
the authorised deposit-taking institution.
(2) The Secretary is not to
approve an authorised deposit-taking institution for the purposes of this Part
unless satisfied that the institution is able to discharge the obligations of
an authorised deposit-taking institution under this Part.
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