Document ID: chunk:federal_register_of_legislation:C2025C00165:section:11ca:p4
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 11CA (pt 4/6)
Character Range: 83458–86034

the deposit of any amount;
 (i) not to borrow any amount;
 (j) not to accept any payment on account of share capital, except payments in respect of calls that fell due before the direction was given;
 (k) not to repay any amount paid on shares;
 (l) not to pay a dividend on any shares;
 (m) not to repay any money on deposit or advance;
 (n) not to pay or transfer any amount or asset to any person, or create an obligation (contingent or otherwise) to do so;
 (o) not to undertake any financial obligation (contingent or otherwise) on behalf of any other person;
 (p) to make changes to the body corporate's systems, business practices or operations;
 (q) to reconstruct, amalgamate or otherwise alter all or part of any of the following:
 (i) the business, structure or organisation of the body corporate;
 (ii) the business, structure or organisation of the group constituted by the body corporate and its subsidiaries;
 (r) to do, or to refrain from doing, anything else in relation to the affairs of the body corporate.
A direction under paragraph (n) not to pay or transfer any amount or asset does not apply to the payment or transfer of money pursuant to an order of a court or a process of execution.
 (2AA) However, APRA must not direct, or give a direction that would cause or require, a covered bond special purpose vehicle to:
 (a) deal, or not deal, with an asset to the extent that the asset secures covered bond liabilities of an ADI; or
 (b) make a payment, or not make a payment, in relation to a covered bond liability of an ADI.
Note: Covered bond special purpose vehicles hold assets that secure liabilities in relation to covered bonds: see Division 3A of Part II.
 (2A) Without limiting the generality of subsection (2), a direction referred to in a paragraph of that subsection may:
 (a) deal with some only of the matters referred to in that paragraph; or
 (b) deal with a particular class or particular classes of those matters; or
 (c) make different provision with respect to different matters or different classes of matters.
 (2AAA) The kinds of direction that may be given as mentioned in subsection (2) are not limited by any other provision in this Part (apart from subsection (2AA)).
 (2AAB) The kinds of direction that may be given as mentioned in a particular paragraph of subsection (2) are not limited by any other paragraph of that subsection.
 (2B) Without limiting the generality of paragraph (2)(r), a direction under that paragraph to a foreign ADI may be any one or more of the following:
 (a) a direction that the ADI act in a way