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Financial Sector (Collection of Data) Act 2001
In force
Administered by
Department of the Treasury
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C2023C00404 (C18)
20 October 2023
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Part 1—Preliminary
1 Short title
2 Commencement
3 Object of Act
4 Extension to external Territories
5 Entities covered by the Act
5A Medical indemnity entities
6 Application of Criminal Code
6A Application of Act
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Part 2—Registration of corporations
7 Registrable corporations
8 Register of entities
9 Obligations of corporations
10 Matters to be included in Register of Entities
11 List of names and categories of registered entities
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Part 3—Provision of documents to APRA
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Division 1—Deferred application of this Part in relation to registered entities
12 Application
Division 2—Determination of reporting standards and requirement to provide documents
13 Determination of reporting standards for, and the provision of, certain documents
13A Copy of reporting standard to be given to financial sector entities and the Minister etc.
13B Financial sector entity must not disclose that it has been given a copy of a reporting standard etc.
13C Minister may direct APRA to determine reporting standards
14 Principal executive officer of financial sector entity (other than a superannuation entity) to notify the entity’s governing body of a failure to provide reporting documents to APRA
15 When reporting standards begin to apply to particular financial sector entities
16 Exemptions
17 APRA may require the variation of a reporting document or the provision of financial information
Division 2A—Auditing of documents
17A Application of this Division
17B Auditor’s functions and duties
17C Auditor must notify APRA of attempts to unduly influence etc. the auditor
17D Giving false or misleading information to auditor
Division 3—Administrative penalties in lieu of prosecution for certain offences
18 Application of Division
19 When an infringement notice can be served
20 Matters to be included in an infringement notice
21 Withdrawal of infringement notice
22 What happens if penalty is paid
23 More than one infringement notice may not be served for the same offence
24 Infringement notice not required to be served
25 APRA may extend period for payment of penalty
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Part 3A—Review of decisions
25A Notice of reviewable decision
25B Request for review of decisions
25C Review of decision
25D Applications to Administrative Appeals Tribunal
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Part 4—Miscellaneous
26 Saving of other laws
27 Entities may be directed to comply with Act
28 Validity of acts and transactions of financial sector entities
29 Corporation not to hold out that it is a registered entity
29A Delegation by Minister
30 Regulations
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Part 5—Interpretation
31 Definitions
32 Meaning of certain other expressions
33 Assets of corporations
34 Related corporations
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history