Document ID: chunk:federal_register_of_legislation:C2006C00145:clause:16_6
Version: federal_register_of_legislation:C2006C00145
Segment Type: clause
Provision Reference: sch 16 cl 6
Character Range: 195706–197643

6  General administration of Act

 (1) Subject to subsection (3):
 (a) APRA has the general administration of:
 (i) Part 2; and
 (ii) Parts 4 to 5; and
 (iii) section 60A; and
 (iv) Part 7 (other than section 64A); and
 (v) Parts 8 to 11; and
 (vi) Part 12 (other than sections 101, 103 and 105); and
 (vii) Parts 13 to 16; and
 (viii) Part 17 (other than section 140); and
 (ix) Part 21; and
 (x) Parts 23 to 24A; and
 (xi) Division 3 of Part 25; and
 (xii) Part 25A; and
 (xiii) Part 32; and
 (b) APRA also has the general administration of Parts 3 and 6 (other than section 60A) and section 105 to the extent that that administration is not conferred on ASIC by paragraph (d); and
 (c) ASIC has the general administration of:
 (i) section 64A; and
 (ii) sections 101 and 103; and
 (iii) section 140; and
 (iv) Parts 18 to 20; and
 (v) Part 22; and
 (d) ASIC also has the general administration of Parts 3 and 6 (other than section 60A) and section 105 to the extent to which they relate to:
 (i) the keeping of reports to members of, or beneficiaries in, funds; or
 (ii) disclosure of information to members of, or beneficiaries in, funds; or
 (iii) disclosure of information about funds (including disclosure of information to ASIC but not including disclosure of information to APRA); or
 (iv) any other matter prescribed by the regulations for the purposes of this paragraph.

 (2) Powers and duties are also conferred by Parts 1, 25 (other than Division 3) and 26 to 31 on:
 (a) APRA for the purposes of APRA's administration of the provisions it administers; and
 (b) ASIC for the purposes of ASIC's administration of the provisions it administers.

Note: Generally neither APRA nor ASIC are referred to in these provisions, Regulator is used instead. See the definition of Regulator in section 16.

 (3) The Minister may give APRA or ASIC directions about the performance or exercise of its functions or powers under this Act.