Document ID: chunk:federal_register_of_legislation:C2025C00165:section:5:p4
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 5 (pt 4/6)
Character Range: 27256–30018

Privacy Act 1988.
prescribed New Zealand authority means the following:
 (a) the Reserve Bank of New Zealand;
 (b) an authority of the government of New Zealand that:
 (i) has statutory responsibilities relating to prudential regulation or financial system stability; and
 (ii) is prescribed by the regulations for the purposes of this definition.
protected account has the meaning given by subsections (4), (5), (6) and (7).
prudential matters means matters relating to:
 (a) the conduct of any part of the affairs of, or the structuring or organising of, an ADI, an authorised NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, 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) to facilitate resolution of the ADI, NOHC, group or member or members of the group; or
 (iii) to protect the interests of depositors of any ADI; or
 (iv) not to cause or promote instability in the Australian financial system; or
 (v) not to cause or promote instability in the New Zealand financial system; or
 (b) the conduct of any part of the affairs of an ADI, an authorised NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, with integrity, prudence and professional skill.
prudential requirement regulation means a regulation under section 11A.
prudential standard means a standard under section 11AF.
recapitalisation direction means a direction given by APRA under subsection 13E(1) or (1B).
related body corporate, in relation to a body corporate, means a body corporate that is related to the first‑mentioned body, as determined in accordance with subsection 5(2A).
relevant group of bodies corporate has the meaning given by subsection 5(3).
resolution means the process by which APRA or other relevant persons manage or respond to an entity:
 (a) being unable to meet its obligations; or
 (b) being considered likely to be unable, or being considered likely to become unable, to meet its obligations; or
 (c) suspending payment, or being considered likely to suspend payment;
including through the exercise of powers and functions under this Act or another law.
section 9 authority means an authority under subsection 9(3).
senior manager of an ADI or an authorised NOHC or the Australian operations of a foreign ADI means a person who has or exercises any of the senior management responsibilities (within the meaning of the prudential standards) for the ADI or NOHC or for the Australian operations of the foreign ADI, as the case may be.
subsidiary has the meaning given by subsection (2).
the Reserve Bank means the Reserve Bank of Australia.
transferred liabilities determination means a determination