Document ID: chunk:federal_register_of_legislation:C2025C00165:front:0:p4
Version: federal_register_of_legislation:C2025C00165
Segment Type: other
Provision Reference: 
Character Range: 8297–11462

Banking Act statutory management on annual general meeting
15C Certain circumstances not grounds for denial of obligations
15D Application of other provisions
16 Costs of statutory management
16A APRA must report to Treasurer and publish information about statutory management
16AA Exceptions to Part IV of the Competition and Consumer Act 2010
Subdivision C—APRA's powers to apply for ADI to be wound up
16AAA APRA's powers to apply for ADI to be wound up
Division 2AA—Financial claims scheme for account‑holders with insolvent ADIs
Subdivision A—Preliminary
16AB Purpose of this Division
16AC APRA's functions relating to this Division
Subdivision B—Declaration of ADI
16AD Declaration that Subdivision C applies in relation to ADI
16AE Advice and information for decision on making declaration
Subdivision C—Payment of account‑holders with declared ADI
16AF Payment of account‑holders with declared ADI
16AG Limit on payments to account‑holder with declared ADI
16AH Payment
16AHA Giving information about payments in a financial year
16AI Substitution of APRA for account‑holder as ADI's creditor
16AIA APRA may make transferred liabilities determination where transfer of business
16AIB Payment amounts under transferred liabilities determination
16AIC Consequences of transferred liabilities determination once certificate of transfer issued
Subdivision D—Administration
16AJ Requiring assistance
16AK Obtaining information relevant to determining and paying entitlements
16AL Enforcing requirement for assistance or information
16AM Recovery of overpayments
16AN APRA may delegate functions and powers under this Division
16AO APRA's costs of administration
Subdivision E—Account‑holder's claims against ADI remaining after entitlement
16AP When this Subdivision applies
16AQ Liquidator may admit debt or claim without normal proof
16AR How liquidator must pay distributions to account‑holder
16AS APRA may disclose relevant personal information to liquidator
Subdivision F—Disclosure of information relating to new accounts
16AT APRA or liquidator to disclose information to ADI
Subdivision G—Exceptions to Part IV of the Competition and Consumer Act 2010
16AU Exceptions to Part IV of the Competition and Consumer Act 2010
Division 2A—Auditors of ADIs and authorised NOHCs and their subsidiaries
16AV Appointed auditor's functions and duties
16B Auditors to give information to APRA on request
16BA Requirement for auditors to give information about ADIs
16C Auditor may provide information to APRA
16D Appointed auditor must notify APRA of attempts to unduly influence etc. the appointed auditor
16E Giving false or misleading information to auditor
Division 2B—Removal of auditors of ADIs
17 APRA may remove an auditor of an ADI
18 Referring matters to professional associations for auditors
Division 2C—Enforceable undertakings
18A Enforceable undertakings
Division 3—Governance
19 Disqualified persons must not act for ADIs or authorised NOHCs
20 Who is a disqualified person?
21 Court power of disqualification
22 Court power to revoke or vary a disqualification etc.
22A Privilege against exposure to penalty—disqualification under section 21
23 APRA