Australian Prudential Regulation Authority Act 1998

There must be credited to the Account amounts equal to the following:

an amount specified in a declaration under section 16AD of the Banking Act 1959 or section 62ZZC of the Insurance Act 1973 as an amount to be credited to the Financial Claims Scheme Special Account;

an amount borrowed under this Division.

To avoid doubt, if:

the amount specified in a declaration described in paragraph (1)(a) is credited to the Financial Claims Scheme Special Account; and

the declaration is later amended so as to increase the amount;

Crediting the whole of the increased amount to the Account would lead to double‑counting of the amount specified in the declaration before the amendment.