Treasury Laws Amendment (APRA Governance) Act 2018 (81 of 2018)

Schedule 1   Additional Deputy Chair of APRA

Australian Prudential Regulation Authority Act 1998

6   Section 21

Repeal the section, substitute:

21 Term of office as Chair or a Deputy Chair

A person appointed as Chair, or as a Deputy Chair, holds that office until:

(a) in any case - the end of his or her current term as an APRA member; or

(b) in any case - he or she otherwise stops being an APRA member; or

(c) in the case of a person appointed as a Deputy Chair - he or she is appointed as Chair;

whichever happens first.

Note: This section has effect subject to section 24 (under which a person may resign his or her appointment as Chair or a Deputy Chair).