Commonwealth Consolidated Acts

BANKING ACT 1959 - SECT 15D

  (1)   None of the matters mentioned in subsection   (2) affect:

  (a)   the continued operation of other provisions of this Act or the operation of the Financial Sector (Collection of Data) Act 2001 or the Financial Accountability Regime Act 2023 in relation to a body corporate; or

  (b)   the obligation of a body corporate to comply with those other provisions and those Acts.

  (2)   The matters are as follows:

  (a)   the appointment of a Banking Act statutory manager of the body corporate's business under this Division;

  (b)   the fact that a Banking Act statutory manager is in control of the body corporate's business.

  (3)   The Public Governance, Performance and Accountability Act 2013 does not apply to a body corporate that has a Banking Act statutory manager.