Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p110
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 110/148)
Character Range: 607915–610777

counterparty; or
 (ii) will be operating as a central counterparty;
  an assessment by an independent auditor of the adequacy of the body corporate's arrangements for managing counterparty risk;
 (g) if the body corporate is a disclosing entity—a copy of each half‑year financial report of the body corporate for:
 (i) the period of 3 years immediately before the application was made; or
 (ii) the shorter period in which the body corporate has carried on a business;
 (h) if the body corporate is not a disclosing entity—a copy of each annual financial report of the body corporate for:
 (i) the period of 3 years immediately before the application was made; or
 (ii) the shorter period in which the body corporate has carried on a business;
 (i) if the body corporate is a related body corporate—a copy of the relevant consolidated annual and half‑year financial reports for:
 (i) the period of 3 years immediately before the application was made; or
 (ii) the shorter period in which the body corporate has carried on a business;
 (j) a report, by a qualified person who is independent of the body corporate, about the anticipated financial resource requirements of the clearing and settlement facility, including details of:
 (i) the total anticipated fixed expenditure and variable expenditure for the first 12 months of operation of the clearing and settlement facility; and
 (ii) the total anticipated revenue for the first 12 months of operation of the clearing and settlement facility and other sources of financial resources; and
 (iii) the body corporate's contingency arrangements in the event of circumstances occurring that affect the body corporate's ability to operate the clearing and settlement facility;
 (k) details of the body corporate's business plan, or other strategic planning, for the first 12 months of operation of the clearing and settlement facility, that are not included in the other documents mentioned in this regulation.

Division 5—The Australian CS facility licence: applications (overseas clearing and settlement facility)

7.3.12  Application of Division 5
  This Division applies in relation to a body corporate that applies for an Australian CS facility licence that may be granted under subsection 824B(2) of the Act.

7.3.13  Information
  For paragraph 824A(1)(a) of the Act, the following information is required as part of an application by the body corporate for an Australian CS facility licence:
 (a) the body corporate's name, address and contact details in this jurisdiction;
 (b) the address and contact details of the body corporate's principal place of business in the foreign country in which its clearing and settlement facility is located;
 (c) whether the body corporate is registered under Division 2 of Part 5B.2 of the Act;
 (d) the services in respect of which the Australian CS facility licence is