Banking (prudential standard) determination No. 14 of 2006 Variation of Prudential Standard APS 231 Outsourcing (Cth)

Banking (prudential standard) determination No. 14 of 2006

Variation to Prudential Standard APS 231 Outsourcing

Banking Act 1959

I, John Francis Laker, Chair of APRA, under subsection 11AF(3) of the Banking Act 1959, VARY Banking (prudential standard) determination No. 12 of 2006 - Prudential Standard APS 231 Outsourcing (the principal determination), determined on 29 September 2006, in the manner set out in the Schedule.

Item a in the Schedule takes effect from the date of registration on the Federal Register of Legislative Instruments.

Items b and c in the Schedule take effect immediately after the commencement of the principal determination.

Dated   22 November 2006

[Signed]

John Francis Laker

Chair

Interpretation

In this Determination

APRA means the Australian Prudential Regulation Authority.

Schedule

Variation to the principal determination

a.   Omit ‘This instrument takes effect from the later of 1 January 2007 and the date of registration on the Federal Register of Legislative Instruments’ from the principal determination and substitute ‘This instrument takes effect from 1 April 2007’.

b.   Paragraph 3 of Prudential Standard APS 231 Outsourcing (as set out in the Schedule to the principal determination) – delete the words and numbers ‘1 January 2007’ and substitute the words and numbers ‘1 April 2007’.

c.   Subparagraph 17(e) of the Prudential Standard APS 231 Outsourcing (as set out in the Schedule to the principal determination) – delete the number ‘18’ and substitute the number ‘20’.