Australian Prudential Regulation Authority Act 1998

PART 5A - GIVING INFORMATION ETC. TO ASIC  

SECTION 55D   NOTIFYING ASIC OF REASONABLE BELIEF OF MATERIAL BREACH OF ASIC PROVISIONS  

55D(1)    
Subsection (2) applies if APRA has a reasonable belief that a material breach of a legislative provision of which ASIC has the general administration may have occurred, or may be occurring.

55D(2)    
APRA must notify ASIC of that reasonable belief as soon as practicable.