Banking Act 1959

Part II - Provisions relating to the carrying on of banking business  

Division 2 - Protection of depositors  

Subdivision AA - Recapitalisation directions by APRA  

SECTION 13L   Ascertaining the fair value of other capital instruments  

(1)  
APRA must comply with this section before giving a recapitalisation direction that directs an ADI to issue capital instruments other than shares, or rights to acquire shares, in the ADI.

(2)  
APRA must comply with any requirements of the regulations relating to ascertaining the fair value of the capital instruments.

(3)  
Regulations made for the purposes of this section may specify different requirements in relation to different kinds of capital instruments.




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