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

Schedule 1   Amendment of the Banking Act 1959

Part 2   Application provision

46   Application - priorities for application of the assets of an ADI in Australia

Subsection 13A(3) of theBanking Act 1959, as amended by this Schedule, applies to an ADI that becomes unable to meet the ADI's obligations, or suspends payment, on or after the commencement of this item.