Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:1_142
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 1 cl 142
Character Range: 66886–67433

142  Subsection 14AB(8)
Repeal the subsection, substitute:

Exemption from subsection (1)
 (8) APRA may determine in writing that subsection (1) does not apply in relation to an act relating to shares or rights if APRA is satisfied that delaying the act to enable compliance with that subsection in relation to the act would detrimentally affect:
 (a) depositors with:
 (i) if the company is an ADI—the ADI; or
 (ii) if the company is not an ADI—the relevant ADI mentioned in subsection 13A(1B); and
 (b) financial system stability in Australia.