s 37
In forceConferral of functions and powers relating to financial institutions and friendly societies
Part 7Enforcement by APRA and ASIC of repealed Codes
37 Conferral of functions and powers relating to financial institutions and friendly societies
(1)
Either relevant Commonwealth body has the same enforcement powers relating to anything done or omitted to be done under a Code before the transfer date as AFIC or TSA had immediately before that date.
(2)
For the purposes of subsection (1), a Code applies with all necessary changes.
(3)
In this section, Code means:
(a)
the AFIC Code;
(b)
the Financial Institutions Code; or
(c)
the Friendly Societies Code.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.