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Financial Sector Reform (Amendments and Transitional Provisions) Bill (No.1) 2000
Schedule 8 Amendment of the Retirement Savings Accounts Act 1997


1  Subsection 68(1)

Omit all the words from and including “APRA” (second occurring), substitute:

APRA may refer the details of the matter to the persons specified in subsection (2).

Note:          Persons to whom APRA refers the details of the matter are subject to secrecy obligations under section 56 of the Australian Prudential Regulation Authority Act 1998 . In particular, see paragraph (c) of the definition of officer in subsection 56(1), and subsections 56(2), (9) and (10), of that Act.