Banking Act 1959

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

Division 1 - Authority to carry on banking business  

SECTION 9F   Authority to carry on banking business in Australia for a limited time - continuation after expiry  

(1)  
This section applies to a body corporate ' s section 9 authority if the authority is to cease to have effect on a day (the expiry day ) specified in the authority.

(2)  
APRA may, at any time before the expiry day, give the body corporate a written notice stating that the authority continues in effect, on and after the expiry day, in relation to a specified matter or specified period for the purposes of:


(a) a specified provision of this Act or the regulations; or


(b) a specified provision of another law of the Commonwealth that is administered by APRA; or


(c) a specified provision of the prudential standards;

and the statement has effect accordingly.


 

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