Document ID: chunk:federal_register_of_legislation:C2025C00185:section:849ca:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 849CA (pt 2/2)
Character Range: 3386611–3387364

the Reserve Bank, for the purposes of subsection (1), does not object to an action; and
 (b) the Reserve Bank has not, by written notice given to ASIC, informed ASIC that the Reserve Bank does not object to the action;
ASIC may refer the matter to the Minister.
 (5) The Minister may, after being referred the matter, direct the Reserve Bank to inform ASIC, by written notice given to ASIC, that the Reserve Bank does not object to the action.
 (6) The Reserve Bank must comply with the direction given under subsection (5) immediately.

Actions begun before crisis resolution
 (7) To avoid doubt, subsection (1) does not affect the validity or application of anything done by ASIC before subsection (3) began to apply in relation to the body corporate.