Commonwealth Consolidated Acts

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BANKING ACT 1959 - SECT 14E

Termination of administrator's appointment

             (1)  If an administrator of an ADI's business contravenes a requirement of this Division, APRA may terminate the administrator's appointment.

             (2)  The terms and conditions of the administrator's appointment may provide for termination in circumstances in addition to those mentioned in subsection (1).

             (3)  This section has effect subject to section 13C.


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