Commonwealth Consolidated Acts

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998 - SECT 32

    A resolution is taken to have been passed at a meeting if:

  (a)   APRA has determined:

  (i)   that resolutions may be passed in accordance with this section; and

  (ii)   the method of indicating agreement with a resolution passed in accordance with this section; and

  (b)   without meeting, a majority of the APRA members indicate agreement with the resolution in accordance with the method determined by APRA; and

  (c)   that majority would have constituted a quorum at a meeting; and

  (d)   all APRA members were informed of the proposed resolution, or reasonable efforts were made to inform all APRA members of the proposed resolution.