Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)
Schedule 1 Streamlining prudential regulation
Part 1 Amendments commencing on Royal Assent
Banking Act 1959
13 Subsection 11(4)
Repeal the subsection, substitute:
(4) APRA may, in writing, vary or revoke a determination under this section.
(5) The following instruments made under this section are not legislative instruments:
(a) a determination that applies to a particular person;
(b) an instrument varying or revoking a determination that applies to a particular person.
(6) Otherwise, an instrument made under this section is a legislative instrument.