8
In forceRegistrar’s prudential and advisory functions
Part 2Prudential and advisory functions of registrar
8 Registrar’s prudential and advisory functions
The registrar’s prudential and advisory functions under this Act are to—
(a)
institute, develop, and ensure the effective and efficient implementation of, a system of prudential and other standards for, and for the supervision of, societies; and
(b)
advise, and make recommendations to, the Treasurer about—
(i)
changes to this Act; or
(ii)
new laws, and changes to other existing laws, about or affecting societies; and
(c)
act under part 3.
This Act’s bill:Explanatory memorandum
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