Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)

Schedule 1   Restrictions on shareholdings

Part 1   Amendments

Financial Sector (Shareholdings) Act 1998

1   Section 3

Insert:

APRA means the Australian Prudential Regulation Authority.

assets threshold has the meaning given by subsections 14A(6) and (7).

civil penalty provision has the same meaning as in the Regulatory Powers Act.

Regulatory Powers Act means the Regulatory Powers (Standard Provisions) Act 2014.

relevant licensed company , in relation to an approval under paragraph 14(1)(b), means the company to which subsection 14A(3) or (4) applied in granting the approval.

rules means rules made under subsection 45A(1).

total resident assets has the meaning given by subsection 14A(5).