Document ID: chunk:federal_register_of_legislation:C2010C00224:clause:2_104:p2
Version: federal_register_of_legislation:C2010C00224
Segment Type: clause
Provision Reference: sch 2 cl 104 (pt 2/3)
Character Range: 92878–95397

made under this Act, prudential standards, or the Financial Sector (Collection of Data) Act 2001;
 (b) to comply with a condition or direction referred to in paragraph (1)(c);
 (c) to order an audit of the affairs of the body corporate, at the expense of the body corporate, by an auditor chosen by APRA;
 (d) to remove a director or senior manager from office;
 (e) to ensure a director or senior manager of the body corporate does not take part in the management or conduct of the business of the body corporate except as permitted by APRA;
 (f) to appoint a person or persons as a director or senior manager of the body corporate for such term as APRA directs;
 (g) to remove any auditor of the body corporate from office and appoint another auditor to hold office for such term as APRA directs;
 (h) not to give financial accommodation to any person;
 (i) not to renew any policy;
 (j) not to borrow any amount;
 (k) not to accept any payment on account of share capital, except payments in respect of calls that fell due before the direction was given;
 (l) not to repay any amount paid on shares;
 (m) not to pay a dividend on any shares;
 (n) not to pay or transfer any amount 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 provide, or further provide, in its accounts for the purposes of this Act, regulations made under this Act and the prudential standards, a specified amount or an amount determined in a specified way in respect of its liabilities or the value of a specified asset of the body corporate;
 (q) to order an actuarial investigation of the affairs of the body corporate, at the expense of the body corporate, by an actuary chosen by APRA;
 (r) to terminate the appointment of the actuary appointed by the body corporate and to appoint another actuary to hold office for such terms as APRA directs;
 (s) not to issue any policy, undertake any liability under any contract of insurance or collect any premium;
 (t) not to discharge any policy or other liability;
 (u) to do, or to refrain from doing, an act that relates to the way in which the affairs of the body corporate are to be conducted or not conducted.
A direction under paragraph (n) not to pay or transfer any amount does not apply to the payment or transfer of money pursuant to an order of a court or a process of execution.

 (4) Without limiting subsection (3), a direction referred to in a