Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)

Schedule 1 Amendment of the Banking Act 1959

Insert:

(1B) In deciding whether to give a direction under subsection (1) or (1AA) to an ADI, APRA may disregard any external support for the ADI.

(1C) The regulations may specify that a particular form of support is not external support for the purposes of subsection (1B).