Banking Act 1959

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

Division 2 - Protection of depositors  

Subdivision B - Provisions dealing with control of a body corporate ' s business by a Banking Act statutory manager  

SECTION 15D   Application of other provisions  

(1)  
None of the matters mentioned in subsection (2) affect:


(a) the continued operation of other provisions of this Act or the operation of the Financial Sector (Collection of Data) Act 2001 in relation to a body corporate; or


(b) the obligation of a body corporate to comply with those other provisions and that Act.

(2)  
The matters are as follows:


(a) the appointment of a Banking Act statutory manager of the body corporate ' s business under this Division;


(b) the fact that a Banking Act statutory manager is in control of the body corporate ' s business.

(3)  
The Public Governance, Performance and Accountability Act 2013 does not apply to a body corporate that has a Banking Act statutory manager.




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