Banking Act 1959

Part IX - Miscellaneous  

SECTION 62D   Application by APRA for directions  

(1)    
APRA may apply to the Federal Court of Australia for directions regarding any matter arising under:

(a) the winding-up of an entity covered by subsection 62C(4) (whether the winding-up occurs as a result of an application made under the Corporations Act 2001 or by APRA under section 11EA or 16AAA ); or

(b) the proposed winding-up of an entity covered by subsection 62C(4) (whether the winding-up will occur as a result of an application made, or proposed to be made, under the Corporations Act 2001 or by APRA under section 11EA or 16AAA ).

(2)    
APRA must give the liquidator written notice that APRA proposes to make the application.

(3)    
The notice must include details of the proposed application.

(4)    
The liquidator is entitled to be heard on the application.