Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 (105 of 2008)
Schedule 2 Other measures: banking
Banking Act 1959
7 Paragraph 13A(1)(b)
Repeal the paragraph, substitute:
(b) APRA considers that, in the absence of external support:
(i) the ADI may become unable to meet its obligations; or
(ii) the ADI may suspend payment; or
(iii) it is likely that the ADI will be unable to carry on banking business in Australia consistently with the interests of its depositors and financial system stability in Australia; or
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