Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 (10 of 2018)
Schedule 1 Amendment of the Banking Act 1959
Part 1 Main amendments
Banking Act 1959
213 Paragraph 16AB(a)
Repeal the paragraph, substitute:
(a) allows the Minister to make a declaration about an ADI if:
(i) APRA has applied under section 16AAA for the ADI to be wound up; or
(ii) a Banking Act statutory manager is in control of the ADI's business; and
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