Governance Review Implementation (Treasury Portfolio Agencies) Act 2007 (74 of 2007)

Schedule 1   Amendments

Part 3   APRA

Australian Prudential Regulation Authority Act 1998

51   After section 12

Insert:

12A Chair not subject to direction by APRA on certain matters

To avoid doubt, the Chair is not subject to direction by APRA in relation to the Chair’s performance of functions, or exercise of powers, under:

(a) the Financial Management and Accountability Act 1997; or

(b) Part 4 or 4A of this Act;

in relation to APRA.