Commonwealth legislation

Banking (BEAR) determination No. 1 of 2020

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legislative instrument

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This Determination, made by an APRA delegate under subsection 37F(3) of the Banking Act 1959, fixes the notification period at 30 days for changes to an accountability statement or an accountability map, commences on registration, and defines APRA as the Australian Prudential Regulation Authority.

Parties required to notify under paragraphs 37F(1)(a) and (b) must lodge the relevant notice within 30 days; the instrument is procedural and does not change who is captured or substantive obligations.

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Banking (BEAR) determination No. 1 of 2020

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Banking (BEAR) determination No. 1 of 2020

Banking Act 1959

I, Sean Carmody, delegate of APRA, under subsection 37F(3) of the Banking Act 1959 (the Act) DETERMINE that, for the purposes of paragraph 37F(2)(b):

(a) the period within which APRA must be notified in accordance with paragraph 37F(1)(a) of a change to an accountability statement; and

(b) the period within which APRA must be notified in accordance with paragraph 37F(1)(b) of a change to an accountability map,

is 30 days.

This instrument commences on the day it is registered on the Federal Register of Legislation.

Dated: 26 March 2020

[Signed]

Sean Carmody

Executive Director

Cross-Industry Insights and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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Banking (BEAR) determination No. 1 of 2020

Banking Act 1959

I, Sean Carmody, delegate of APRA, under subsection 37F(3) of the Banking Act 1959 (the Act) DETERMINE that, for the purposes of paragraph 37F(2)(b):

(a) the period within which APRA must be notified in accordance with paragraph 37F(1)(a) of a change to an accountability statement; and

(b) the period within which APRA must be notified in accordance with paragraph 37F(1)(b) of a change to an accountability map,

is 30 days.

This instrument commences on the day it is registered on the Federal Register of Legislation.

Dated: 26 March 2020

[Signed]

Sean Carmody

Executive Director

Cross-Industry Insights and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.