Audit powers expanded to give Reserve Bank joint oversight and mandate auditors for housing finance institutions which are companies. Amendment narrows 'housing finance institution' to companies, adds the central banking authority as a joint regulator alongside the existing authority in several sub sections, substitutes the central banking authority where previously only the existing authority was named in one sub section, and changes auditor authority language so auditors must act when directed by the central banking authority.
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Audit powers expanded to give Reserve Bank joint oversight and mandate auditors for housing finance institutions which are companies.
Amendment narrows "housing finance institution" to companies, adds the central banking authority as a joint regulator alongside the existing authority in several sub sections, substitutes the central banking authority where previously only the existing authority was named in one sub section, and changes auditor authority language so auditors must act when directed by the central banking authority.
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