Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A prudential standard may be determined that elaborates, supplements or otherwise deals with any aspect of:
(a) a prudential matter to which a covenant referred to in sections 52 to 53 or prescribed under section 54A relates; or
(b) a prudential matter to which a provision of this Act or the regulations relates.
(2) However, a prudential standard is of no effect to the extent that it conflicts with this Act or the regulations.