6ATransferring institutions — monthly financial statements

6A Transferring institutions — monthly financial statements

(1) This regulation applies to a transferring institution with assets of a value greater than $50,000,000 at any time in a month, including:

(a) the month in which this regulation commences; and

(b) the month immediately before this regulation commences.

(2) For the purposes of paragraph 51 (1) (a) of the Act, the institution must prepare, and give to APRA, a financial statement for the month, in accordance with the form in Schedule 4.

(3) The statement:

(a) is to be prepared as at the close of business on the last day of the month; and

(b) is to be given to APRA no later than 14 days after that day.