Determinations made under previous prudeDeterminations made under previous prudential standards

Determinations made under previous prudential standards

36. An exercise of APRA’s discretion (such as an approval, waiver or direction) under a previous version of this Prudential Standard continues to have effect as though exercised pursuant to a corresponding power (if any) exercisable by APRA under this Prudential Standard.

For the purposes of this paragraph, ‘a previous version of this Prudential Standard’ includes:

(a) Prudential Standard APS 232 Business Continuity Management (including Guidance Note AGN 232.1 Risk Assessment and Business Continuity Management) made on 18 April 2005;

(b) Prudential Standard GPS 222 Business Continuity Management (including Guidance Note GGN 222.1 Risk Assessment and Business Continuity Management) made on 18 April 2005;

(c) Prudential Standard LPS 232 Business Continuity Management made on 23 March 2007;

(d) Prudential Standard GPS 221 Risk Management: Level 2 Insurance Groups (GPS 221) made on 17 December 2008, to the extent that GPS 221 related to business continuity management;

(e) Prudential Standard CPS 232 Business Continuity Management made on 9 September 2011; and

(f) Prudential Standard CPS 232 Business Continuity Management made on 30 November 2012.