Document ID: chunk:federal_register_of_legislation:C2018A00009:clause:1_38f
Version: federal_register_of_legislation:C2018A00009
Segment Type: clause
Provision Reference: sch 1 cl 38F
Character Range: 8990–10035

38F  Notification and consultation regarding non‑ADI lender rules

Notification
 (1) If APRA makes or varies a non‑ADI lender rule referred to in paragraph 38C(2)(c) it must, as soon as practicable, give a copy of the rule, or of the variation, to the non‑ADI lender, or to each non‑ADI lender, to which the rule applies.
 (2) If APRA revokes a non‑ADI lender rule referred to in paragraph 38C(2)(c) it must, as soon as practicable, give notice of the revocation to the non‑ADI lender, or to each non‑ADI lender, to which the rule applied.
 (3) If APRA extends the period mentioned in subsection 38D(1) in relation to a non‑ADI lender rule referred to in paragraph 38C(2)(c) it must, as soon as practicable, give notice of the extension to the non‑ADI lender, or to each non‑ADI lender, to which the rule applies.

Consultation
 (4) Before making a non‑ADI lender rule, or varying or revoking a non‑ADI lender rule, APRA must consult with ASIC.
 (5) A failure to comply with subsection (4) does not affect the validity of the action concerned.