Banking Act 1959
This section applies to a body corporate ' s section 9 authority if the authority is to cease to have effect on a day (the expiry day ) specified in the authority.
(2)
APRA may, at any time before the expiry day, vary the authority to change the expiry day to a later day.
(3)
If APRA does so, APRA must:
(a) give written notice to the body corporate; and
(b) ensure that notice that the variation has been made is published in the Gazette.
(4)
A failure to comply with subsection (3) does not affect the validity of the variation.
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