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 13M   13M   Contravention of certain provisions does not affect the validity of recapitalisation direction etc.  


A contravention of:


(a) section 13H or subsection 13J(1) or 13K(1) ; or


(b) section 13L or regulations made for the purposes of that subsection;

does not affect the validity of a recapitalisation direction or anything done in compliance with the direction.




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