Banking Act 1959
View history note
Hide history noteA non-ADI lender rule is revoked at the end of the period of 2 years beginning on the day the rule is made.
(2)
If, at any time during that period, APRA considers that the conditions in subsection 38C(1) still apply in relation to the non-ADI lender rule, APRA may, by written instrument, extend (or further extend) the period for a period of 2 years beginning on the day the instrument is made.
Note:
An extension under this subsection does not affect the operation of Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 .
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