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

Schedule 4   Amendment of other Acts

Part 1   Amendments

Financial Sector (Collection of Data) Act 2001

7   Subsection 3(1)

Repeal the subsection, substitute:

(1) The object of this Act is to enable the Australian Prudential Regulation Authority ( APRA ) to collect information in order to assist:

(a) APRA in the prudential regulation or monitoring of bodies in the financial sector; and

(b) another financial sector agency to perform its functions or exercise its powers; and

(c) the Minister to formulate financial policy.