Australian Prudential Regulation Authority Act 1998

PART 2 - ESTABLISHMENT, FUNCTIONS AND POWERS OF APRA  

SECTION 13   APRA IS A BODY CORPORATE  

13(1)    
APRA:


(a) is a body corporate with perpetual succession; and


(b) must have a seal; and


(c) may sue and be sued.

13(2)    


However, APRA is taken, for the purposes of the finance law (within the meaning of the Public Governance, Performance and Accountability Act 2013 ):


(a) to be a non-corporate Commonwealth entity, and not to be a corporate Commonwealth entity; and


(b) to be a part of the Commonwealth; and


(c) not to be a body corporate.


13(3)    
All courts, judges and persons acting judicially must:


(a) take judicial notice of the imprint of APRA's seal appearing on a document; and


(b) presume that the document was duly sealed.




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