Australian Prudential Regulation Authority Amendment Act 2003 - Proclamation (25/06/2003)

This document is a commencement proclamation — a formal notice that switches on specific parts of a law on a set date.

It declares that Schedules 1, 2, and 3 of the Australian Prudential Regulation Authority Amendment Act 2003 take effect on 1 July 2003.

Why this matters

Australian laws often pass through Parliament but remain inactive until the government issues a Proclamation (signed by the Governor-General or Administrator) to fix the start date. This proclamation acts as the "on switch" for the amendments contained in the first three schedules, meaning whatever changes they made to banking, insurance, or superannuation regulation began operating on that specific day.

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Proclamation

Australian Prudential Regulation Authority Amendment Act 2003

I, GUY STEPHEN MONTAGUE GREEN, Administrator of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under subsection 2 (1) of the Australian Prudential Regulation Authority Amendment Act 2003, fix 1 July 2003 as the day on which Schedules 1 to 3 to that Act commence.

Signed and sealed with the Great Seal of Australia on 25 June 2003

G. S. M. GREEN

Administrator

By His Excellency’s Command

PETER COSTELLO

Treasurer