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

126   Subsections 827D(7) to (10)

Repeal the subsections, substitute:

(7) If the Reserve Bank determines or varies a standard, it must, as soon as practicable, give a copy of the standard, or of the variation, to the following:

(a) each CS facility licensee to which the standard applies;

(b) the Minister;

(c) ASIC.

(8) The Reserve Bank may revoke a standard by legislative instrument.

(9) If the Reserve Bank revokes a standard, it must, as soon as practicable, give notice of the revocation of the standard to the following:

(a) each CS facility licensee to which the standard applied;

(b) the Minister;

(c) ASIC.