Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Act 2018 (10 of 2018)

Schedule 1   Amendment of the Banking Act 1959

Part 2   Application provisions

258   Application - revocation of section 9 authority

(1) The amendment made by item 16 of this Schedule applies to a body corporate's section 9 authority, whether the authority was granted before, on or after the commencement time.

(2) The amendment made by item 16 of this Schedule applies in relation to a matter mentioned in a paragraph of subsection 9A(2) of the new Banking Act that occurs on or after the commencement time (including such a matter that starts before the commencement time and continues on or after the commencement time).