Document ID: chunk:federal_register_of_legislation:C2013A00059:clause:1_15
Version: federal_register_of_legislation:C2013A00059
Segment Type: clause
Provision Reference: sch 1 cl 15
Character Range: 7864–8554

15  Subsection 823CA(1)
Repeal the subsection, substitute:
 (1) The Reserve Bank of Australia (the Reserve Bank) may do an assessment of how well a CS facility licensee is complying with its obligation under paragraph 821A(aa). In doing the assessment, the Reserve Bank may take account of any information and reports that it thinks appropriate, including information and reports from an overseas regulatory authority.
 (1A) If the CS facility licensee is prescribed by the regulations for the purpose of this subsection, the Reserve Bank must do such an assessment at least once a year.

Part 3—International business regulators

Australian Securities and Investments Commission Act 2001