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

Schedule 2   Direction powers

Banking Act 1959

5   Subsection 11CA(6)

Repeal the subsection, substitute:

(6) In this section, director has the same meaning as it has in the Corporations Act 2001, and the affairs of a body corporate include those set out in section 53 of that Act.

Note 1: Senior manager is defined in section 5 of this Act.

Note 2: For further information about directions, see Subdivision C.