sec.35Treasurer’s approval of guarantee providers

sec.35 Treasurer’s approval of guarantee providers

The Treasurer or a nominated officer for this section may, by notice given to a guarantee provider, approve the guarantee provider as an approved security provider. Before giving the approval, the Treasurer or nominated officer must have regard to the following— whether the guarantee provider is a body regulated by the APRA under the Australian Prudential Regulation Authority Act 1998 (Cwlth) ; the guarantee provider’s credit rating; the nature and history of the guarantee provider’s business; the guarantee provider’s financial position. In this section— APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998 (Cwlth) , section 7 . (sec.35-ssec.1) The Treasurer or a nominated officer for this section may, by notice given to a guarantee provider, approve the guarantee provider as an approved security provider. (sec.35-ssec.2) Before giving the approval, the Treasurer or nominated officer must have regard to the following— whether the guarantee provider is a body regulated by the APRA under the Australian Prudential Regulation Authority Act 1998 (Cwlth) ; the guarantee provider’s credit rating; the nature and history of the guarantee provider’s business; the guarantee provider’s financial position. (sec.35-ssec.3) In this section— APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998 (Cwlth) , section 7 .

• (a) whether the guarantee provider is a body regulated by the APRA under the Australian Prudential Regulation Authority Act 1998 (Cwlth) ;
• (b) the guarantee provider’s credit rating;
• (c) the nature and history of the guarantee provider’s business;
• (d) the guarantee provider’s financial position.