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Australian Prudential Regulation Authority Act 1998
32APRA resolutions without meetings
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32 APRA resolutions without meetings
A resolution is taken to have been passed at a meeting if:
(a) APRA has determined:
(i) that resolutions may be passed in accordance with this section; and
(ii) the method of indicating agreement with a resolution passed in accordance with this section; and
(b) without meeting, a majority of the APRA members indicate agreement with the resolution in accordance with the method determined by APRA; and
(c) that majority would have constituted a quorum at a meeting; and
(d) all APRA members were informed of the proposed resolution, or reasonable efforts were made to inform all APRA members of the proposed resolution.