Banking Act 1959

S 16C amended by No 68 of 2023, s 3 and Sch 1 item 27, by substituting " this Act, the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023 " for " this Act or the Financial Sector (Collection of Data) Act 2001 " , effective 15 September 2023. For application, saving and transitional provisions, see note under s 15D(1) .

S 16C substituted by No 116 of 2003, s 3 and Sch 2 item 16, effective 28 November 2003. S 16C formerly read:

SECTION 16C Auditor may provide information to APRA  
16C
A person who is, or who has been, an auditor of:

(a) an ADI; or

(b) an authorised NOHC; or

(c) a subsidiary of an ADI or authorised NOHC;

may provide information about the ADI, authorised NOHC or subsidiary to APRA if the person considers that the provision of that information to APRA will assist APRA in performing its functions under this Act or the Financial Sector (Collection of Data) Act 2001 .

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History

S 16C amended by No 121 of 2001, s 3 and Sch 2 item 15, by inserting ``or the Financial Sector (Collection of Data) Act 2001 '', effective 1 July 2002.

Act No 121 of 2001, s 3 and Sch 2 item 18, contained the following application provision:

Application  
18(1)
The amendments apply to a financial sector entity (within the meaning of the Financial Sector (Collection of Data) Act 2001 ) that is a body referred to in subitem (2) only on and after the day on which the reporting standards determined under section 13 of that Act begin to apply under section 15 of that Act to a class or kind of financial sector entities in which that body is included.

18(2)
The bodies are:

(a) ADIs; and

(b) authorised NOHCs; and

(c) subsidiaries of ADIs; and

(d) subsidiaries of authorised NOHCs.

18(3)
Expressions used in subitem (2) have the same meanings as in the Banking Act 1959 .