CTHIn ForceAct
Australian Prudential Regulation Authority Act 1998
16Appointment of APRA members
Start here
Get a plain-English read of 16
Turn the raw legal text into a practical explanation grounded in Australian Prudential Regulation Authority Act 1998.
16 Appointment of APRA members
(1) APRA is to consist of not fewer than 3 members nor more than 5 members.
(2) The APRA members are to be appointed by the Governor‑General by written instrument.
(3) At least 3 of the APRA members must be appointed as full‑time members, and each of the other APRA members (if any) may be appointed as a full‑time or part‑time member.
(4) The performance of APRA’s functions or the exercise of APRA’s powers is not affected by reason only that:
(a) there are fewer than 3 APRA members; or
(b) there are fewer than 3 full‑time APRA members.