Document ID: chunk:federal_register_of_legislation:C2018A00005:clause:1_17
Version: federal_register_of_legislation:C2018A00005
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 46993–48111

17  Accountability statements and accountability maps
(1) APRA may, by legislative instrument, determine, in relation to accountability statements and accountability maps mentioned in section 37F of the Banking Act 1959 as inserted by this Act, transitional requirements applying during the period (the transition period) of 18 months after the commencement of Part IIAA of the Banking Act 1959 as so inserted.
(2) Compliance during the transition period with those transitional requirements, to the extent that they relate to accountability statements, is taken, for the purposes of the Banking Act 1959, to be compliance with paragraph 37F(1)(a) of that Act as inserted by this Act.
(3) Compliance during the transition period with those transitional requirements, to the extent that they relate to accountability maps, is taken, for the purposes of the Banking Act 1959, to be compliance with paragraph 37F(1)(b) of that Act as inserted by this Act.
(4) This item does not limit the ways paragraph 37F(1)(a) or (b) of the Banking Act 1959 as inserted by this Act may be complied with during the transition period.