Arrangement for administration
37 Arrangement for administration
APRA and ASIC must enter into an arrangement relating to the administration of this Act.
The arrangement must include provisions relating to the matters (if any) specified in the Minister rules.
APRA and ASIC must each publish the arrangement on its website.
If the arrangement is not entered into within 6 months after the commencement of this Act, the Minister may, by notifiable instrument, determine arrangements between APRA and ASIC relating to the administration of this Act.
A failure to comply with this section does not invalidate the performance or exercise of a function or power by APRA or ASIC.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.