Document ID: chunk:federal_register_of_legislation:C2015A00087:clause:2_43
Version: federal_register_of_legislation:C2015A00087
Segment Type: clause
Provision Reference: sch 2 cl 43
Character Range: 95875–96977

43  Transitional rules
(1) The APRA Minister may, by legislative instrument (and subject to subitem (3)), make rules prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to:
 (a) the amendments or repeals made by this Act; or
 (b) the enactment of this Act or the Prudential Supervision Act.
(2) The rules may allow the APRA Minister or APRA to determine matters in relation to anything in relation to which rules may be made.
(3) To avoid doubt, the rules may not do the following:
 (a) create an offence or civil penalty provision;
 (b) provide:
 (i) powers of arrest or detention; or
 (ii) powers relating to entry, search or seizure;
 (c) impose a tax;
 (d) set an amount to be appropriated from the Consolidated Revenue Fund under an appropriation in this Act;
 (e) directly amend the text of this Act.
(4) This Act (other than subitem (3)) does not limit the rules that may be made for the purposes of subitem (1).

[Minister's second reading speech made in—
House of Representatives on 27 May 2015
Senate on 16 June 2015]

(71/15)