Document ID: chunk:federal_register_of_legislation:C2010C00544:clause:1_59
Version: federal_register_of_legislation:C2010C00544
Segment Type: clause
Provision Reference: sch 1 cl 59
Character Range: 26852–27815

59  Subsections 32(4), (4A) and (5)
Repeal the subsections, substitute:

 (4) APRA may, in writing, vary or revoke a standard. However, APRA must not, under this subsection, vary or revoke a standard in a way described in subsection (3A).

 (4A) A standard referred to in paragraph (1)(e), or an instrument varying or revoking such a standard, has effect:
 (a) from the day on which the standard, variation or revocation is made; or
 (b) if the standard, variation or revocation specifies a later day—from that later day.

 (5) The following instruments made under this section are not legislative instruments:
 (a) a standard referred to in paragraph (1)(e);
 (b) an instrument varying or revoking a standard referred to in paragraph (1)(e);
 (c) a modification of a standard under subsection (3A);
 (d) an instrument varying or revoking a modification under subsection (3A).

 (5A) Otherwise, an instrument made under this section is a legislative instrument.