Australian Prudential Regulation Authority Act 1998

PART 4 - APRA STAFF MEMBERS  

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History

Part 4 heading substituted by No 42 of 2003, s 3 and Sch 1 item 21, effective 1 July 2003. FOr transitional provisions, see the history note under the heading to Part 3. Heading to Part 4 formerly read ``The CEO and APRA staff members''.

Division 1 repealed by No 42 of 2003, s 3 and Sch 1 item 22, effective 1 July 2003. For transitional provisions, see the history under the heading to Part 3.

SECTION 48  

48   APPOINTMENTS OF PERSON APPOINTED TO PERFORM SPECIFIC ROLES  

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Under other laws of the Commonwealth, APRA has power to appoint people to perform particular roles (for example, investigators and administrators under Division 2 of Part II of the Banking Act 1959 , Division 1A of Part VB of the Insurance Act 1973 or Division 1AA of Part 8 of the Life Insurance Act 1995 ). A person appointed to perform such a role must be:

(a) a person who has been appointed by the Chair under section 45; or

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(b) a person who is assisting APRA under section 46; or

(c) a person who has been engaged by the Chair under section 47.

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History

S 48 amended by No 10 of 2018, s 3 and Sch 6 item 2, by inserting " , Division 1A of Part VB of the Insurance Act 1973 or Division 1AA of Part 8 of the Life Insurance Act 1995 " , effective 5 March 2018.

S 48(a) and (c) amended by No 74 of 2007, Sch 1 item 57, effective 1 July 2007.

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