Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 (87 of 2024)

Schedule 3   Financial market infrastructure: transfer of powers

Part 1   Main amendments

Division 2   Licensing of CS facilities

Corporations Act 2001

127   At the end of Division 4 of Part 7.3

Add:

827E Certain powers - consultation between ASIC and the Reserve Bank

ASIC must consult Reserve Bank

(1) Before exercising a power under subsection 820C(1) or (7), 822E(2), 824B(1) or (2), 825A(1), 826A(1) or 826C(1) or section 826E, ASIC must consult the Reserve Bank.

Reserve Bank must consult ASIC

(2) Before exercising a power under subsection 820CA(1), (3), (7) or (9), the Reserve Bank must consult ASIC.