Governance Review Implementation (Treasury Portfolio Agencies) Act 2007 (74 of 2007)
Schedule 1 Amendments
Part 3 APRA
Australian Prudential Regulation Authority Act 1998
66 Section 59
Repeal the section, substitute:
59 Annual reports
Annual report to be given to Minister
(1) The Chair must, as soon as practicable after 30 June in each financial year, prepare and give to the Minister a report on APRA’s operations during that financial year.
Note: Section 34C of the Acts Interpretation Act 1901 contains provisions relating to annual reports.
Contents of annual report
(2) A report under subsection (1) must include the following:
(a) information on the following matters under the Banking Act 1959:
(i) the activities of ADI statutory managers (within the meaning of the Banking Act 1959), and persons conducting investigations, under Division 2 of Part II of the Banking Act 1959;
(ii) the activities of persons conducting investigations under section 61 of the Banking Act 1959;
(b) information on the exercise during the year of APRA’s powers under Part 15 of the Retirement Savings Accounts Act 1997 and under Part 29 of the Superannuation Industry (Supervision) Act 1993;
(c) information on any other matters required by the regulations;
(d) the financial statements required by section 49 of the Financial Management and Accountability Act 1997;
(e) an audit report on those statements under section 57 of the Financial Management and Accountability Act 1997.
(3) Paragraph (2)(a) does not authorise the inclusion in the annual report of information with respect to the affairs of a particular ADI or authorised NOHC, a particular subsidiary of an ADI or authorised NOHC, or a particular customer of an ADI.
Annual report to be tabled in Parliament
(4) The Minister must cause a copy of each annual report to be tabled in each House of the Parliament within 15 sitting days of that House after the day on which the Minister receives the report.
(5) In this section:
ADI has the same meaning as in the Banking Act 1959.
authorised NOHC has the same meaning as in the Banking Act 1959.