Australian Prudential Regulation Authority Act 1998

PART 5 - FINANCIAL AND TAXATION MATTERS  

Division 2 - Financial Claims Scheme Special Account and related borrowing  

Subdivision A - Financial Claims Scheme Special Account  

SECTION 54D  

54D   DEBITS TO REFLECT REDUCED AMOUNTS SPECIFIED IN DECLARATIONS  

If a declaration under section 16AD of the Banking Act 1959 or section 62ZZC of the Insurance Act 1973 specifying an amount to be credited to the Financial Claims Scheme Special Account is amended so as to reduce the amount, an amount equal to the reduction must be debited from the Account.