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Financial Regulator Assessment Authority Act 2021

No. 63, 2021

Compilation No. 2

Compilation date: 14 October 2024

                Includes amendments: Act No. 38, 2024

About this compilation

This compilation

This is a compilation of the Financial Regulator Assessment Authority Act 2021 that shows the text of the law as amended and in force on 14 October 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Short title
2 Commencement
3 Object of this Act
4 Simplified outline of this Act
5 Definitions
6 Act binds the Crown
7 Act extends to things outside Australia
Part 2—Establishment, functions and cooperation
Division 1—Simplified outline of this Part
8 Simplified outline of this Part
Division 2—Authority
9 Establishment
10 Membership
11 Authority is part of the Department for certain purposes
Division 3—Functions
12 Functions
13 Timing and requests relating to the biennial assessment and reporting functions
14 Requests relating to the ad hoc assessment and reporting function
15 Assessments and reviews undertaken by others
16 Reports to be given to APRA or ASIC
17 Biennial reports must be tabled
18 Powers
19 Independence
Division 4—Cooperation with Authority
20 Cooperation with Authority
21 Legal professional privilege
Part 3—Members, staff and consultants
Division 1—Simplified outline of this Part
22 Simplified outline of this Part
Division 3—Members
24 Appointment
25 Period of appointment
26 Acting appointments
27 Remuneration
28 Leave
29 Terms