Governance Review Implementation (Treasury Portfolio Agencies) Act 2007 (74 of 2007)
Schedule 1 Amendments
Part 3 APRA
Australian Prudential Regulation Authority Act 1998
50 After section 11
Insert:
11A APRA’s liabilities are Commonwealth liabilities
(1) Any financial liabilities of APRA are taken to be liabilities of the Commonwealth.
(2) For the purposes of this section:
financial liability means a liability to pay a person an amount where the amount, or the method for working out the amount, has been determined.
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