Financial Intermediaries Act 1996
sec.64AState may enter into agreements with APRA
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sec.64A State may enter into agreements with APRA
The registrar may with the approval of the Minister, enter into an agreement with APRA on behalf of the State under which APRA is, for a fee, to provide prudential regulation or advice services. The agreement may— provide for APRA to act on behalf of the registrar; and make provision about the circumstances in which, and the extent to which, one party to the agreement is liable to the other party to the agreement for matters arising under the agreement. In this section— prudential regulation or advice services means services of either or both of the following kinds— services consisting of APRA performing a role in the prudential regulation or supervision of societies; services consisting of APRA providing advice relating to the prudential regulation or supervision of societies. s 64A ins 1999 No. 27 s 76 sch 1 pt 2 (sec.64A-ssec.1) The registrar may with the approval of the Minister, enter into an agreement with APRA on behalf of the State under which APRA is, for a fee, to provide prudential regulation or advice services. (sec.64A-ssec.2) The agreement may— provide for APRA to act on behalf of the registrar; and make provision about the circumstances in which, and the extent to which, one party to the agreement is liable to the other party to the agreement for matters arising under the agreement. (sec.64A-ssec.3) In this section— prudential regulation or advice services means services of either or both of the following kinds— services consisting of APRA performing a role in the prudential regulation or supervision of societies; services consisting of APRA providing advice relating to the prudential regulation or supervision of societies.
- (a) provide for APRA to act on behalf of the registrar; and
- (b) make provision about the circumstances in which, and the extent to which, one party to the agreement is liable to the other party to the agreement for matters arising under the agreement.
- (a) services consisting of APRA performing a role in the prudential regulation or supervision of societies;
- (b) services consisting of APRA providing advice relating to the prudential regulation or supervision of societies.