Banking Act 1959
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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