Document ID: chunk:federal_register_of_legislation:C2025C00185:section:841b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 841B
Character Range: 3334211–3335574

841B  Matters relating to Reserve Bank directions—information to assist crisis management

Variation or revocation
 (1) The Reserve Bank may vary a direction given to a person under subsection 841A(1) if paragraphs 841A(1)(b) and (c) would apply in relation to the direction as varied.
 (2) The Reserve Bank may revoke a direction given to a person under subsection 841A(1) if the Reserve Bank:
 (a) no longer reasonably believes that the specified information, the specified documents or documents containing the specified information would assist the Reserve Bank to manage or respond to a condition in section 831A being satisfied in relation to the relevant CS facility licensee, including because the condition is not satisfied; or
 (b) no longer reasonably believes that the person can give the Reserve Bank the specified information, the specified documents or documents containing the specified information.
 (3) The variation or revocation must be given to the person in writing.

Directions are not legislative instruments
 (4) A direction given under subsection 841A(1), a variation under subsection (1) of this section or a revocation under subsection (2) of this section is not a legislative instrument.

Division 6—Moratorium on action during statutory management or compulsory transfer

Subdivision A—Circumstances to which moratorium is relevant