Banking Act 1959

Subdiv B heading substituted by No 10 of 2018, s 3 and Sch 1 item 104, effective 5 March 2018. For application provisions, see note under Subdiv D heading of Pt II Div 1BA. The heading formerly read:

Subdivision B - Provisions dealing with control of an ADI ' s business by an ADI statutory manager

S 15A(1) amended by No 10 of 2018, s 3 and Sch 1 items 176 - 179, by substituting " a body corporate is " for " an ADI is " , " a Banking Act statutory manager " for " an ADI statutory manager " , " the body corporate ' s business " for " the ADI ' s business " and repealing the note, effective 5 March 2018. For application provisions, see note under Subdiv D heading of Pt II Div 1BA. The note formerly read:

Note:

For the definition of external administrator , see subsection (5).

S 15A(2) amended by No 10 of 2018, s 3 and Sch 1 items 180 - 182, by substituting " a body corporate must " for " an ADI must " , " a Banking Act statutory manager " for " an ADI statutory manager " and " the body corporate ' s business " for " the ADI ' s business " , effective 5 March 2018. For application provisions, see note under Subdiv D heading of Pt II Div 1BA.

S 15A(3) amended by No 10 of 2018, s 3 and Sch 1 items 183 - 186, by substituting " a body corporate under " for " an ADI under " , " the body corporate appointed " for " the ADI appointed " , " the body corporate ' s business " for " the ADI ' s business " (wherever occurring) and " a Banking Act statutory manager " for " an ADI statutory manager " , effective 5 March 2018. For application provisions, see note under Subdiv D heading of Pt II Div 1BA.

S 15A(4) amended by No 10 of 2018, s 3 and Sch 1 items 187 - 189, by substituting " a body corporate that " for " an ADI that " , " a Banking Act statutory manager " for " an ADI statutory manager " (wherever occurring) and " the body corporate ' s business " for " the ADI ' s business " (wherever occurring), effective 5 March 2018. For application provisions, see note under Subdiv D heading of Pt II Div 1BA.

S 15A(5) repealed by No 105 of 2008, s 3 and Sch 2 item 16, effective 18 October 2008. S 15A(5) formerly read:

(5)
For the purposes of this section, external administrator means any of the following:

(a) a liquidator or provisional liquidator;

(b) a receiver, manager, managing controller, receiver and manager or other controller (other than an ADI statutory manager);

(c) a voluntary administrator or administrator of a deed of a company arrangement or a scheme manager.

Expressions used in this subsection have the same meanings as they have in the Corporations Act 2001 .