Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1 Streamlining prudential regulation

Repeal the paragraph, substitute:

(a) it becomes aware that it, another member of the group, or the group as a whole, may not be in a sound financial position; and

Note: The following heading to subsection 62A(1) is inserted “Matters requiring immediate notice”.