Banking Act 1959

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

Division 2AA - Financial claims scheme for account-holders with insolvent ADIs  

Subdivision A - Preliminary  

SECTION 16AC  

16AC   APRA ' s functions relating to this Division  

APRA ' s functions include:

(a) meeting entitlements under Subdivision C ; and

(b) preparing, and assisting the Minister to prepare, for the application of that Subdivision in relation to ADIs; and

(c) meeting APRA ' s other obligations under this Division and the regulations made for the purposes of this Division.