Banking (BEAR) determination No. 1 of 2020

Banking Act 1959

I, Sean Carmody, delegate of APRA, under subsection 37F(3) of the Banking Act 1959 (the Act) DETERMINE that, for the purposes of paragraph 37F(2)(b):

(a)     the period within which APRA must be notified in accordance with paragraph 37F(1)(a) of a change to an accountability statement; and

(b)    the period within which APRA must be notified in accordance with paragraph 37F(1)(b) of a change to an accountability map,

is 30 days.

This instrument commences on the day it is registered on the Federal Register of Legislation.

Dated: 26 March 2020

[Signed]

Sean Carmody

Executive Director

Cross-Industry Insights and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.