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

3   Section 9

Insert:

statutory management has the meaning given by subsections 832C(3) and (4).

statutory manager of a body corporate means:

(a) if the Reserve Bank is in control of the body corporate's business under Part 7.3B - the Reserve Bank; and

(b) each person appointed by the Reserve Bank to take control of a body corporate's business under Part 7.3B.

Note: See section 836B for when there are 2 or more statutory managers of a body corporate.