Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteInconsistency with other rules
826K(1)
If there is an inconsistency between the CS facility rules and any of the following rules: (a) the CS services rules; (b) the derivative transaction rules; (c) the derivative trade repository rules;
the CS facility rules prevail to the extent of the inconsistency.
Inconsistency with the financial stability standards
826K(2)
If the Reserve Bank considers there is an inconsistency between a CS facility rule and one or more standards determined under section 827D , the Reserve Bank must refer the matter to the Minister.
Note: If there is an inconsistency between the CS facility rules and standards determined under section 827D , the standards prevail: see subsection 827D(2A) .
826K(3)
The Minister may, if the Minister considers it appropriate after being referred the matter, direct ASIC to vary or revoke the CS facility rule.
826K(4)
ASIC must comply with the direction given under subsection (3) immediately.
826K(5)
A direction given under subsection (3) is not a legislative instrument.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
