Commonwealth Consolidated Acts

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998 - SECT 18

             (1)  The Governor‑General is to appoint a full‑time APRA member as Chair of APRA.

             (2)  The Governor‑General may appoint another full‑time APRA member as Deputy Chair of APRA.

             (3)  The Deputy Chair is to act as Chair during any period when:

                     (a)  the office of Chair is vacant; or

                     (b)  the Chair is absent from duty or from Australia, or is, for any reason, unable to perform the functions of his or her office.

             (4)  When acting as Chair, the Deputy Chair has all the functions and powers of the Chair.

             (5)  Anything done by or in relation to a person purporting to act under subsection (3) is not invalid on the ground that the occasion for the person to act had not arisen or had ceased.