Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 (10 of 2018)

Schedule 1   Amendment of the Banking Act 1959

Part 1   Main amendments

Banking Act 1959

13   Subsections 9(4) to (9)

Repeal the subsections, substitute:

(4) If APRA grants an authority under subsection (3), APRA must cause notice of that authority to be published in the Gazette. APRA may also cause notice of that authority to be published in any other way it considers appropriate.

(5) A failure to comply with subsection (4) does not affect the validity of the authority.

(6) Part VI applies to a decision to refuse an application under this section.