Banking Act 1959

Part IIAA - The Banking Executive Accountability Regime  

Division 6 - Enforcement and administration  

Subdivision C - Disqualification of accountable persons  

SECTION 37JA   APRA may vary or revoke a disqualification  

(1)  
APRA may vary or revoke a disqualification made under section 37J on its own initiative or on application by a person disqualified under that section.

(2)  
A variation or revocation of a disqualification takes effect on the day on which it is made.

(3)  
APRA must give the person written notice of:


(a) a variation or revocation of a disqualification; or


(b) if the person applied for a disqualification to be varied or revoked - a refusal to vary or revoke the disqualification.

(4)  
Part VI applies to a decision by APRA under this section to:


(a) vary a disqualification; or


(b) refuse to vary or revoke a disqualification.




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