FINANCIAL SECTOR (COLLECTION OF DATA) ACT 2001

FINANCIAL SECTOR (COLLECTION OF DATA) ACT 2001

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  
   3.      Object of Act  
   4.      Extension to external Territories  
   5.      Entities covered by the Act  
   5A.     Medical indemnity entities  
   6.      Application of Criminal Code  
   6A.     Application of Act  

   PART 2--REGISTRATION--OF CORPORATIONS

   7.      Registrable corporations  
   8.      Register of entities  
   9.      Obligations of corporations  
   10.     Matters to be included in Register of Entities  
   11.     List of names and categories of registered entities  

   PART 3--PROVISION--OF DOCUMENTS TO APRA

           Division 1--Deferred application of this Part in relation to registered entities

   12.     Application  

           Division 2--Determination of reporting standards and requirement to provide documents

   13.     Determination of reporting standards for, and the provision of, certain documents  
   13A.    Copy of reporting standard to be given to financial sector entities and the Minister etc.  
   13B.    Financial sector entity must not disclose that it has been given a copy of a reporting standard etc.  
   13C.    Minister may direct APRA to determine reporting standards  
   14.     Principal executive officer of financial sector entity (other than a superannuation entity) to notify the entity's governing body of a failure to provide reporting documents to APRA  
   15.     When reporting standards begin to apply to particular financial sector entities  
   16.     Exemptions  
   17.     APRA may require the variation of a reporting document or the provision of financial information  

           Division 2A--Auditing of documents

   17A.    Application of this Division  
   17B.    Auditor's functions and duties  
   17C.    Auditor must notify APRA of attempts to unduly influence etc. the auditor  
   17D.    Giving false or misleading information to auditor  

           Division 3--Administrative penalties in lieu of prosecution for certain offences

   18.     Application of Division  
   19.     When an infringement notice can be served  
   20.     Matters to be included in an infringement notice  
   21.     Withdrawal of infringement notice  
   22.     What happens if penalty is paid  
   23.     More than one infringement notice may not be served for the same offence  
   24.     Infringement notice not required to be served  
   25.     APRA may extend period for payment of penalty  

   PART 3A--REVIEW--OF DECISIONS

   25A.    Notice of reviewable decision  
   25B.    Request for review of decisions  
   25C.    Review of decision  
   25D.    Applications to Administrative Appeals Tribunal  

   PART 4--MISCELLANEOUS

   26.     Saving of other laws  
   27.     Entities may be directed to comply with Act  
   28.     Validity of acts and transactions of financial sector entities  
   29.     Corporation not to hold out that it is a registered entity  
   29A.    Delegation by Minister  
   30.     Regulations  

   PART 5--INTERPRETATION

   31.     Definitions  
   32.     Meaning of certain other expressions  
   33.     Assets of corporations  
   34.     Related corporations