Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)
Schedule 1 Streamlining prudential regulation
Part 2 Amendments commencing 1 January 2008
Banking Act 1959
161 Paragraph 62A(1)(a)
Repeal the paragraph, substitute:
(a) it becomes aware that it, another member of the group, or the group as a whole, may not be in a sound financial position; and
Note: The following heading to subsection 62A(1) is inserted “Matters requiring immediate notice”.
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