Treasury Laws Amendment (APRA Governance) Act 2018 (81 of 2018)

Schedule 1   Additional Deputy Chair of APRA

Australian Prudential Regulation Authority Act 1998

5   Subsection 19(3)

Repeal the subsection, substitute:

(3) The Minister may appoint an APRA member to act as a Deputy Chair:

(a) during a period when there are fewer than 2 persons holding office as Deputy Chair; or

(b) during any period, or during all periods, when a Deputy Chair is absent from duty or from Australia, or is, for any reason, unable to perform the functions of his or her office; or

(c) during any period, or during all periods, when a Deputy Chair is acting as Chair.

Note: For rules that apply to acting appointments, see section 33A of the Acts Interpretation Act 1901.