Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 (10 of 2018)

Schedule 1   Amendment of the Banking Act 1959

Part 1   Main amendments

Banking Act 1959

62   At the end of section 11F

Add:

(2) Subsection (1) does not constrain:

(a) the exercise of powers or the performance of functions under this Act of a Banking Act statutory manager of a foreign ADI; or

(b) an entity acting at the direction or request of a Banking Act statutory manager of a foreign ADI exercising powers or performing functions under this Act.