Banking Act 1959

Part IX - Miscellaneous  

SECTION 62C   Involving APRA in applications by liquidator  

(1)    

Before making an application to a court in relation to a matter arising under the winding-up of an entity covered by subsection (4), or the proposed winding-up of an entity covered by subsection (4), a liquidator must give APRA written notice that the liquidator proposes to make the application.

(2)    
The notice must include details of the proposed application.

(3)    
APRA is entitled to be heard on the application.

(4)    

This subsection covers the following entities:

(a) an ADI;

(b) an authorised NOHC;

(c) a subsidiary of an ADI or authorised NOHC.