Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 (25 of 2008)

Schedule 1   Court power of disqualification etc.

Part 1   Amendments commencing on Royal Assent

Banking Act 1959

8   Paragraph 23(2)(a)

Repeal the paragraph, substitute:

(a) either:

(i) for a person who is a disqualified person only because he or she was disqualified under section 21 - is disqualified from being or acting as a director or senior manager of the ADI or NOHC; or

(ii) otherwise - is a disqualified person; or