Commonwealth Consolidated Acts

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998 - SECT 32

                   A resolution is taken to have been passed at a meeting if:

                     (a)  APRA has determined:

                              (i)  that resolutions may be passed in accordance with this section; and

                             (ii)  the method of indicating agreement with a resolution passed in accordance with this section; and

                     (b)  without meeting, a majority of the APRA members indicate agreement with the resolution in accordance with the method determined by APRA; and

                     (c)  that majority would have constituted a quorum at a meeting; and

                     (d)  all APRA members were informed of the proposed resolution, or reasonable efforts were made to inform all APRA members of the proposed resolution.