Summary
Amends: 11 Acts in relation to: the Australian Prudential Regulation Authority’s (APRA) preventive powers, correction powers, failure management powers, and data collection powers, APRA’s and the Australian Taxation Office’s investigation powers, auditors and actuaries, and the Financial Claims Scheme; six Acts in relation to the methodologies governing the determination of financial sector levies; and four Acts to make technical amendments. Also repeals five redundant Acts.