Document ID: chunk:federal_register_of_legislation:C2004A00616:clause:3_11
Version: federal_register_of_legislation:C2004A00616
Segment Type: clause
Provision Reference: sch 3 cl 11
Character Range: 10730–12008

11  Standards requiring the provision of information

 (1) The Reserve Bank may, by written instrument, determine standards, consistent with the object of this Act, requiring the provision of information by:
 (a) all registered corporations; or
 (b) a specified class of registered corporations.

 (2) A standard may impose requirements about the way in which information is to be provided.

 (3) A standard may impose different requirements to be complied with in different situations or in respect of different activities.

 (4) A standard:
 (a) comes into force:
 (i) unless subparagraph (ii) applies—on the day on which the determination of the standard is made; or
 (ii) if that determination specifies a later day as the day on which the standard comes into force—on the day so specified; and
 (b) continues in force until it is revoked.

 (5) The Reserve Bank may, by written instrument, vary or revoke a standard.

 (6) An instrument determining, varying or revoking a standard is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.

 (7) The Reserve Bank must ensure that registered corporations and other persons can have access to the current text of the standards by such means as the Reserve Bank considers appropriate.