Document ID: chunk:federal_register_of_legislation:C2025C00165:section:14b
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 14B
Character Range: 161898–162743

14B  Administrator in control—additional powers to recommend action by APRA

Types of recommendation
 (1) An administrator of a body corporate's business may make any of the following recommendations to APRA, by instrument in writing given to APRA:
 (a) that APRA make a particular direction under Division 1BA, subsection 14D(3) or section 29 in respect of the body corporate;
 (b) that APRA apply for the body corporate to be wound up;
 (c) if the body corporate is an ADI—that APRA revoke the ADI's section 9 authority;
 (d) if the body corporate is an authorised NOHC—that APRA revoke the authorised NOHC's authority under subsection 11AA(2).

Effect of recommendation
 (2) If an administrator of a body corporate's business makes a recommendation under this section, APRA must consider the recommendation but is not required to act on it.