Document ID: chunk:federal_register_of_legislation:C2005C00497:clause:2_1
Version: federal_register_of_legislation:C2005C00497
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 5115–5836

1  Subsection 5(1) (definition of prudential matters)
Repeal the definition, substitute:

prudential matters means matters relating to:
 (a) the conduct by an ADI, an authorised NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, of any part of its or their affairs in such a way as:
 (i) to keep the ADI, NOHC, group or member or members of the group in a sound financial position; or
 (ii) not to cause or promote instability in the Australian financial system; or
 (b) the conduct by an ADI, an authorised NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, of its or their affairs with integrity, prudence and professional skill.