11A
CurrentAPRA’s liabilities are Commonwealth liabilities
Part 2Establishment, functions and powers of APRA
11A APRA’s liabilities are Commonwealth liabilities
(1)
Any financial liabilities of APRA are taken to be liabilities of the Commonwealth.
(2)
For the purposes of this section:
financial liability means a liability to pay a person an amount where the amount, or the method for working out the amount, has been determined.
This Act’s bill:Explanatory memorandumSecond reading speech
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