Banking Act 1959
APRA may publish in the Gazette notice of any direction made under Subdivision A or B or section 29 . The notice must include the name of the ADI, authorised NOHC or other body corporate given the direction and a summary of the direction.
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Hide history noteIf APRA publishes notice of a direction made under Subdivision A or B or section 29 and then later revokes the direction, APRA must publish in the Gazette notice of that revocation as soon as practicable after the revocation. Failure to publish notice of the revocation does not affect the validity of the revocation.
If the Treasurer or the Reserve Bank requests APRA to provide information about:
(a) any directions under Subdivision A or B or section 29 in respect of a particular ADI, authorised NOHC or other body corporate; or
(b) any directions made during a specified period under Subdivision A or B or section 29 in respect of any ADIs, authorised NOHCs or other bodies corporate;
APRA must comply with the request.
APRA may provide any information that it considers appropriate to the Treasurer or the Reserve Bank about any directions, or revocations of directions, made under Subdivision A or B or section 29 , in respect of any ADI, authorised NOHC or other body corporate, at any time.
If APRA provides the Treasurer or the Reserve Bank with information about a direction and then later revokes the direction, APRA must notify that person of the revocation of the direction as soon as practicable after the revocation. Failure to notify the person does not affect the validity of the revocation.
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