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

Schedule 4 Amendment of other Acts

Repeal the subsection, substitute:

(6) However, subsection (5) does not apply if APRA is satisfied that the delay that would be involved in holding the consultations would:

(a) prejudice the interests of depositors, policy holders or members of the financial sector entity or financial sector entities concerned; or

(b) have a detrimental effect on the stability of the financial system.