Assessments and reviews undertaken by others

In force

(1)

In performing the functions mentioned in paragraphs 12(1)(a) to (c), the Authority may take into account any of the following that the Authority considers relevant:

(a)

an assessment relating to:

(i)

APRA’s effectiveness and capability; or

(ii)

ASIC’s effectiveness and capability;

undertaken by someone other than the Authority;

(b)

a review relating to APRA or ASIC undertaken by someone other than the Authority.

(2)

Subsection (1) does not limit the matters the Authority may take into account in performing its functions or exercising its powers.

This Act’s bill:Explanatory memorandum Second reading speech

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15 Assessments and reviews undertaken by others