Federal Register of Legislation - Australian Government

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Banking (prudential standard) determination No. 5 of 2020

Authoritative Version
  • - F2020L01570
  • In force - Latest Version
Determinations/Prudential as made
This instrument revokes the Banking (prudential standard) determination No. 1 of 2020 and the Banking (prudential standard) determination No. 7 of 2012, including Prudential Standard APS 114 Capital Adequacy: Standardised Approach to Operational Risk.
Administered by: Treasury
Registered 11 Dec 2020
Tabling HistoryDate
Tabled HR02-Feb-2021
Tabled Senate02-Feb-2021
To be repealed 02 Jan 2023
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003

Banking (prudential standard) determination No. 5 of 2020

Prudential Standard APS 114 Capital Adequacy: Standardised Approach to Operational Risk

Banking Act 1959

 

I, John Lonsdale, delegate of APRA:

 

(a)           under subsection 11AF(3) of the Banking Act 1959 REVOKE, effective upon registration on the Federal Register of Legislation, Banking (prudential standard) determination No. 1 of 2020; and

 

(b)          under subsection 11AF(3) of the Act REVOKE, effective 1 January 2023, Banking (prudential standard) determination No. 7 of 2012, including Prudential Standard APS 114 Capital Adequacy: Standardised Approach to Operational Risk made under that Determination.

 

This instrument commences upon registration on the Federal Register of Legislation.

 

Dated:              8 December 2020

 

 

[Signed]

 

John Lonsdale

Deputy Chair

Australian Prudential Regulation Authority

 

 

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.