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

4   Subsection 5(1)

Insert:

Australian business assets and liabilities , of a foreign ADI, has the meaning given by subsection 11E(3).

Banking Act statutory manager has the meaning given by subsection 13A(2).

direction under this Act means a direction under any of the following provisions:

(a) section 11CA;

(b) section 11CC;

(c) section 13E;

(d) section 17;

(e) section 23;

(f) section 29;

(g) section 31F.