Document ID: chunk:federal_register_of_legislation:C2024C00606:section:26
Version: federal_register_of_legislation:C2024C00606
Segment Type: section
Provision Reference: s 26
Character Range: 56669–57930

26  Consultation about making the determination
 (1) In deciding whether to make a compulsory transfer determination, APRA may consult with any or all of the following:
 (a) officers or employees of the States and Territories;
 (b) the Reserve Bank of Australia;
 (c) any other person or body that APRA considers should be consulted.
 (2) Subject to subsections (3) and (4), in deciding whether to make a compulsory transfer determination, APRA must consult with:
 (a) the Australian Competition and Consumer Commission; and
 (b) the Australian Securities and Investments Commission.
 (3) APRA does not have to consult with the Australian Competition and Consumer Commission in relation to the making of a compulsory transfer determination if the Commission has notified APRA, in writing, that it does not wish to be consulted about:
 (a) the transfer concerned; or
 (b) a class of transfers that includes that transfer.
 (4) APRA does not have to consult with the Australian Securities and Investments Commission in relation to the making of a compulsory transfer determination if the Commission has notified APRA, in writing, that it does not wish to be consulted about:
 (a) the transfer concerned; or
 (b) a class of transfers that includes that transfer.