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

Schedule 1   Additional Deputy Chair of APRA

Australian Prudential Regulation Authority Act 1998

8   Subsections 29(2) and (3)

Repeal the subsections, substitute:

(2) In the absence of the Chair from a meeting:

(a) if there are 2 Deputy Chairs available to preside at the meeting - the Chair may nominate one of them to preside at the meeting; or

(b) if there is only one Deputy Chair available to preside at the meeting - that Deputy Chair is to preside at the meeting.

(3) If neither the Chair nor any Deputy Chair is present at a meeting, the APRA members present must elect one of their number to preside.