CTHRepealedLegislation
Banking (prudential standard) determination No. 1 of 2009 - Prudential Standard APS 510 - Governance
Joint venturesJoint ventures
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Joint ventures
- For the purposes of this Prudential Standard, a regulated institution that operates as a joint venture can be considered as part of the group of each parent entity. Independent directors of a parent can sit as independent directors on the Board of the joint venture entity. However, the general concessions available to subsidiaries in paragraphs 27 to 29 will not be available to joint ventures.