Commonwealth Numbered Acts

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FINANCIAL SECTOR LEGISLATION AMENDMENT ACT (NO. 1) 2000 - SECT 4

Actuarial services provided by APRA
(1)
APRA is taken to have had the function of providing actuarial services for the period commencing on 1 July 1998 and ceasing at the end of the day on which the Australian Government Actuary ceases to be a part of APRA.

(2)
Subsection (1) does not mean that APRA did not or does not have the power to provide actuarial services that are incidental to another function of APRA.

(3)
Subsection (1) confers functions and powers to the extent to which they are not in excess of the legislative power of the Commonwealth.

(4)
In this section:

"APRA" means the Australian Prudential Regulation Authority established by section 7 of the Australian Prudential Regulation Authority Act 1998 .



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