Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1   Streamlining prudential regulation

Part 1   Amendments commencing on Royal Assent

Banking Act 1959

19   After subsection 11AF(7)

Insert:

(7A) The following instruments made under this section are not legislative instruments:

(a) a standard referred to in paragraph (1)(d);

(b) an instrument varying or revoking a standard referred to in paragraph (1)(d).

(7B) Otherwise, an instrument made under this section is a legislative instrument.