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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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