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 13K   Determination of the fair value of rights by an expert  

(1)  
In determining the fair value for each right to acquire shares in an ADI for the purposes of paragraph 13H(3)(a) , the expert must act in accordance with the assumptions (if any) notified to the expert by the Minister for the valuation of that right.

(2)  
The Minister may give the expert written notice of assumptions for the valuation of such rights.

(3)  
The Minister may, by further written notice given to the expert, revoke, but not vary, notice of the assumptions.

(4)  
A notice given under subsection (2) or (3) is not a legislative instrument.


 

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