Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)
Schedule 4 Amendment of other Acts
Part 1 Amendments
Financial Sector (Collection of Data) Act 2001
16 Subsection 13(6)
Repeal the subsection, substitute:
(6) However, subsection (5) does not apply if APRA is satisfied that the delay that would be involved in holding the consultations would:
(a) prejudice the interests of depositors, policy holders or members of the financial sector entity or financial sector entities concerned; or
(b) have a detrimental effect on the stability of the financial system.
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