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

68   After subsection 13A(3)

Insert:

(3AA) Subsection (3) does not constrain:

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

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