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

Schedule 1   Financial market infrastructure: resolution authority

Part 1   Crisis resolution

Corporations Act 2001

1   Section 9

Insert:

essential service means:

(a) electricity; or

(b) gas; or

(c) water; or

(d) a carriage service (within the meaning of the Telecommunications Act 1997).

external administrator :

(a) other than in Chapter 5 and Part 7.3B - has the same meaning as in Schedule 2; and

(b) in Part 7.3B:

(i) subject to subparagraph (ii) - means an external administrator (within the meaning of Schedule 2 to this Act), a receiver, manager, managing controller, receiver and manager or other controller; and

(ii) does not include a statutory manager (within the meaning of this Act) or a Banking Act statutory manager (within the meaning of the Banking Act 1959).