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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 August 2007 - onwards
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Schedule 3 Further amendments to this Act

Section 107.

Part 1 Deletion of references to tier 2 asset

Item No.

Section affected

Amendment

1.

Section 3

(a) In subsection (1), in the definition of "tier 1 asset", substitute "assets." for "assets; and".

(b) In subsection (1), delete the definition of "tier 2 asset".

2.

Section 27

(a) In subsection (1), delete paragraph (e).

(b) In subsection (3), in the definition of "credit transaction asset", substitute "or substitution asset" for ", substitution asset or tier 2 asset".

3.

Section 31

(a) In subsection (3), delete "and tier 2 assets".

(b) In subsection (5), delete "or tier 2 assets".

4.

Section 41

In subsection (5), delete "tier 2 assets,".

5.

Section 42

(a) In subsection (1), delete paragraph (e).

(b) In subsection (3), in the definition of "credit transaction asset", substitute "or substitution asset" for ", substitution asset or tier 2 asset".

6.

Section 46

In subsection (4), delete "or tier 2 assets".

7.

Section 56

Comparing proposed amendment...