Banking Act 1959
View history note
Hide history noteAPRA must comply with this section before giving a recapitalisation direction that directs an ADI to issue capital instruments other than shares, or rights to acquire shares, in the ADI.
(2)
APRA must comply with any requirements of the regulations relating to ascertaining the fair value of the capital instruments.
(3)
Regulations made for the purposes of this section may specify different requirements in relation to different kinds of capital instruments.
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