Document ID: chunk:federal_register_of_legislation:F2020L01333:reg:6:p2
Version: federal_register_of_legislation:F2020L01333
Segment Type: reg
Provision Reference: reg 6 (pt 2/2)
Character Range: 8159–8870

to ensure that a bank guarantee on the terms set out in paragraph 3(c) is in force at all times during the period referred to in paragraph (3)(b); and
 (b) if the ACMA thinks fit that the licence include the condition referred to in paragraph (a)—include such a condition in that licence.
Note: Section 71 of the Act provides that the ACMA may include such other conditions (being conditions in addition to those referred to in sections 66 to 69A) as it thinks fit.

Definition of bank guarantee
 (5) In this section, bank guarantee means an irrevocable bank guarantee issued by an authorised deposit-taking institution (within the meaning of the Banking Act 1959) in a form that the ACMA considers appropriate.