Part II
-
Provisions relating to the carrying on of banking business
Division 1BA
-
APRA's power to issue directions
Subdivision C
-
General provisions relating to all directions
SECTION 11CE
Supply of information about issue and revocation of directions
(1)
Power to publish notice of directions in Gazette
APRA may publish in the
Gazette
notice of any direction made under Subdivision A or B or section
29
. The notice must include the name of the ADI, authorised NOHC or other body corporate given the direction and a summary of the direction.
History
S 11CE(1) amended by No 10 of 2018, s 3 and Sch 1 item 44, by substituting
"
ADI, authorised NOHC or other body corporate
"
for
"
ADI or authorised NOHC
"
, effective 5 March 2018. For application provisions, see note under Subdiv
D
heading of Pt II Div 1BA.
S 11CE(1) amended by No 125 of 2011, s 3 and Sch 1 item 13, by inserting
"
or section 29
"
, effective 17 October 2011.
(2)
Requirement to publish notice of revocation of certain directions in Gazette
If APRA publishes notice of a direction made under Subdivision A or B or section
29
and then later revokes the direction, APRA must publish in the
Gazette
notice of that revocation as soon as practicable after the revocation. Failure to publish notice of the revocation does not affect the validity of the revocation.
History
S 11CE(2) amended by No 125 of 2011, s 3 and Sch 1 item 14, by inserting
"
or section 29
"
, effective 17 October 2011.
(3)
Requirement to provide information about direction to Treasurer and Reserve Bank
If the Treasurer or the Reserve Bank requests APRA to provide information about:
(a)
any directions under Subdivision A or B or section
29
in respect of a particular ADI, authorised NOHC or other body corporate; or
(b)
any directions made during a specified period under Subdivision A or B or section
29
in respect of any ADIs, authorised NOHCs or other bodies corporate;
APRA must comply with the request.
History
S 11CE(3) amended by No 10 of 2018, s 3 and Sch 1 items 45 and 46, by substituting
"
a particular ADI, authorised NOHC or other body corporate
"
for
"
a particular ADI or authorised NOHC
"
in para (a) and
"
any ADIs, authorised NOHCs or other bodies corporate
"
for
"
any ADIs or authorised NOHCs
"
in para (b), effective 5 March 2018. For application provisions, see note under Subdiv
D
heading of Pt II Div 1BA.
S 11CE(3) amended by No 125 of 2011, s 3 and Sch 1 item 14, by inserting
"
or section 29
"
in para (a) and (b), effective 17 October 2011.
(4)
Power to inform Treasurer and Reserve Bank of direction
APRA may provide any information that it considers appropriate to the Treasurer or the Reserve Bank about any directions, or revocations of directions, made under Subdivision A or B or section
29
, in respect of any ADI, authorised NOHC or other body corporate, at any time.
History
S 11CE(4) amended by No 10 of 2018, s 3 and Sch 1 item 47, by substituting
"
any ADI, authorised NOHC or other body corporate
"
for
"
any ADI or authorised NOHC
"
, effective 5 March 2018. For application provisions, see note under Subdiv
D
heading of Pt II Div 1BA.
S 11CE(4) amended by No 125 of 2011, s 3 and Sch 1 item 15, by inserting
"
or section 29
"
, effective 17 October 2011.
(5)
Requirement to inform Treasurer and Reserve Bank of revocation of direction if informed of making of direction
If APRA provides the Treasurer or the Reserve Bank with information about a direction and then later revokes the direction, APRA must notify that person of the revocation of the direction as soon as practicable after the revocation. Failure to notify the person does not affect the validity of the revocation.
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