Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:1_64
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 1 cl 64
Character Range: 43801–44639

64  After paragraph 13A(1)(c)
Insert:
 ; or (d) an external administrator has been appointed to a holding company of the ADI (or a similar appointment has been made in a foreign country in respect of such a holding company), and APRA considers that the appointment poses a significant threat to:
 (i) the operation or soundness of the ADI; or
 (ii) the interests of depositors of the ADI; or
 (iii) the stability of the financial system in Australia; or
 (e) if the ADI is a foreign ADI:
 (i) an application for the appointment of an external administrator of the foreign ADI, or for a similar procedure in respect of the foreign ADI, has been made in a foreign country; or
 (ii) an external administrator has been appointed to the foreign ADI, or a similar appointment has been made in respect of the foreign ADI, in a foreign country.