Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:1_8
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 4509–5496

8  Subsection 5(1) (definition of prudential matters)
Repeal the definition, substitute:
prudential matters means matters relating to:
 (a) the conduct of any part of the affairs of, or the structuring or organising of, an ADI, an authorised NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, in such a way as:
 (i) to keep the ADI, NOHC, group or member or members of the group in a sound financial position; or
 (ii) to facilitate resolution of the ADI, NOHC, group or member or members of the group; or
 (iii) to protect the interests of depositors of any ADI; or
 (iv) not to cause or promote instability in the Australian financial system; or
 (v) not to cause or promote instability in the New Zealand financial system; or
 (b) the conduct of any part of the affairs of an ADI, an authorised NOHC, a relevant group of bodies corporate, or a particular member or members of such a group, with integrity, prudence and professional skill.