Governance Review Implementation (Treasury Portfolio Agencies) Act 2007 (74 of 2007)

Schedule 1   Amendments

Part 3   APRA

Australian Prudential Regulation Authority Act 1998

50   After section 11

Insert:

11A APRA’s liabilities are Commonwealth liabilities

(1) Any financial liabilities of APRA are taken to be liabilities of the Commonwealth.

(2) For the purposes of this section:

financial liability means a liability to pay a person an amount where the amount, or the method for working out the amount, has been determined.