Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (72 of 2025)

Schedule 3   Frequency of periodic reviews

Financial Regulator Assessment Authority Act 2021

8   Subsection 13(1)

Repeal the subsection, substitute:

(1) The Authority must undertake each of the assessments mentioned in paragraphs 12(1)(a) and (b):

(a) once in the period that begins at the start of 1 July 2023 and ends at the end of 30 June 2028; and

(b) once in each successive period of 5 financial years.