Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:1_58
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 1 cl 58
Character Range: 40640–41425

58  Subsection 11E(1)
Repeal the subsection, substitute:
 (1) The provisions listed in subsection (1A) do not apply in relation to:
 (a) business of a foreign ADI (other than Australian business assets and liabilities); or
 (b) the management of a foreign ADI, to the extent that the management relates to such business of the foreign ADI.
 (1A) The provisions are as follows:
 (a) sections 12, 13BA and 13C, and Subdivision B of Division 2 (statutory management);
 (b) subsections 13A(1) to (2), to the extent that those subsections relate to statutory management;
 (c) sections 62B, 62C, 62D and 62E.
 (1B) The following provisions do not apply in relation to a foreign ADI:
 (a) Division 2 (apart from the provisions in that Division listed in subsection (1A));
 (b) Division 2AA.