54D
In forceDebits to reflect reduced amounts specified in declarations
Part 5Financial and taxation matters
Division 2Financial Claims Scheme Special Account and related borrowing
Subdivision AFinancial Claims Scheme Special Account
54D Debits to reflect reduced amounts specified in declarations
If a declaration under section 16AD of the Banking Act 1959 or section 62ZZC of the Insurance Act 1973 specifying an amount to be credited to the Financial Claims Scheme Special Account is amended so as to reduce the amount, an amount equal to the reduction must be debited from the Account.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.