Explanatory Memorandum(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)
General outline and financial impact
This Bill amends the APRA Act to enable the Governor-General to appoint a second Deputy Chair of APRA.
Date of effect: The amendments apply from the day after the end of the period of 14 days beginning on the day the Bill receives the Royal Assent.
Proposal announced: No
Financial impact: Nil
Human rights implications: This Bill does not raise any human rights issues. See Statement of Compatibility with Human Rights - Chapter 2.
Compliance cost impact: Nil