Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)

Schedule 1   Amendment of the Banking Act 1959

Part 1   Amendments

22   Paragraphs 13A(3)(c) and (d)

Repeal the paragraphs, substitute:

(c) third, the ADI's liabilities (if any) in Australia in relation to protected accounts that account-holders keep with the ADI;

(d) fourth, the ADI's debts (if any) to the Reserve Bank;

(e) fifth, the ADI's liabilities (if any) under an industry support contract that is certified under section 11CB;

(f) sixth, the ADI's other liabilities (if any) in the order of their priority apart from this subsection.