Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:1_17
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 16653–17743

17  After subsection 11CA(2A)
Insert:
 (2B) Without limiting the generality of paragraph (2)(p), a direction under that paragraph to a foreign ADI may be any one or more of the following:
 (a) a direction that the ADI act in a way that:
 (i) a particular asset, or a particular class of assets, of the ADI is returned to the control (however described) of the part of the ADI's banking business that is carried on in Australia; or
 (ii) a particular liability, or a particular class of liabilities, of the ADI ceases to be the responsibility (however described) of the part of the ADI's banking business that is carried on in Australia;
 (b) a direction that the ADI not act in a way that:
 (i) a particular asset, or a particular class of assets, of the ADI ceases to be under the control (however described) of the part of the ADI's banking business that is carried on in Australia; or
 (ii) a particular liability, or a particular class of liabilities, of the ADI becomes the responsibility (however described) of the part of the ADI's banking business that is carried on in Australia.