27
In forceWhen consent of receiving body is in force
Part 4Compulsory transfers
Division 2Compulsory transfer determinations
27 When consent of receiving body is in force
(1)
The consent referred to in paragraph 25(2)(d) or 25AA(3)(a) remains in force until it is withdrawn by the receiving body’s board of directors with the agreement of APRA.
(2)
APRA may agree to the consent being withdrawn if APRA considers it appropriate to allow the consent to be withdrawn having regard to:
(a)
circumstances that have arisen since the consent was given; or
(b)
circumstances that were in existence at or before the time when the consent was given but which were not known to the receiving body’s board when it gave its consent; or
(c)
any other relevant matter.
This Act’s bill:Explanatory memorandumSecond reading speech
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