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

124   Sections 827B and 827C

Repeal the sections, substitute:

827B ASIC may give advice to Minister and Reserve Bank

(1) ASIC may give advice to the Minister in relation to:

(a) any matter in respect of which the Minister has a discretion under this Part; or

(b) any other matter concerning clearing and settlement facilities.

(2) ASIC may give advice to the Reserve Bank in relation to any matter concerning clearing and settlement facilities.

827C Reserve Bank may give advice to Minister and ASIC

(1) The Reserve Bank may give advice to the Minister in relation to:

(a) any matter in respect of which the Minister has a discretion under this Part; or

(b) any other matter concerning clearing and settlement facilities.

(2) The Reserve Bank may give advice to ASIC in relation to any matter concerning clearing and settlement facilities.