Commonwealth Numbered Acts

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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998No. 50, 1998 - LONG TITLE

An Act to establish the Australian Prudential Regulation Authority, and for related purposes

Contents

Part 1--Preliminary

1 Short title

2 Commencement

3 Definitions

4 Act binds the Crown

5 External Territories

6 Application of Criminal Code

Part 2--Establishment, functions and powers of APRA

7 Establishment of APRA

8 Purpose for establishing APRA

9 APRA's functions

10 Duty to advise the Treasurer

11 APRA's powers

12 Government's powers in relation to APRA policies

13 APRA is a body corporate

14 APRA is not the Crown

15 Delegation of APRA's functions or powers by CEO

Part 3--APRA's Board

Division 1--Establishment, functions, powers and membership

16 Establishment of Board

17 Board's functions

18 The Board's powers

19 Membership

20 Delegation by the Board

Division 2--Meetings and resolutions without meetings

21 Times and places of meetings

22 Presiding at meetings

23 Quorum

24 Voting at meetings

25 Conduct of meetings

26 Board resolutions without meetings

Division 3--Terms and conditions of Board members (other than the CEO)

27 Appointment and period of appointment

28 Remuneration and allowances

29 Leave of absence

30 Resignation

31 Termination of appointment

32 Other terms and conditions

33 Acting Board members

34 Signpost to other provisions applying to Board members

Part 4--The CEO and APRA staff members

Division 1--The CEO

35 Appointment

36 Duties

37 Remuneration and allowances

38 Leave of absence

39 Resignation

40 Termination

41 Other terms and conditions

42 Acting appointments

43 Delegation by CEO

44 Signpost to other provisions applying to the CEO

Division 2--Appointment of APRA staff members

45 Appointment of permanent, temporary and casual staff

46 Staff seconded to APRA

47 Consultants and other people engaged to perform services

48 Appointments of person appointed to perform specific roles

Part 5--Financial and taxation matters

49 Money of APRA

50 APRA's share of levy money

51 Charges for APRA's services etc.

52 Application of money held by APRA

53 Borrowing by APRA

54 Signpost to further provisions about financial matters

55 Liability to taxation

Part 6--Secrecy

56 Secrecy--general obligations

57 Secrecy--documents or information to which section 56 does not apply

Part 7--Miscellaneous

58 Indemnity

59 Extra matters to be included in annual report

60 Regulations

Australian Prudential Regulation Authority Act 1998

No. 50, 1998

An Act to establish the Australian Prudential Regulation Authority, and for related purposes

[ Assented to 29 June 1998 ]

The Parliament of Australia enacts:



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