Document ID: chunk:federal_register_of_legislation:F2023C00097:reg:3:p2
Version: federal_register_of_legislation:F2023C00097
Segment Type: reg
Provision Reference: reg 3 (pt 2/3)
Character Range: 8394–11257

which the manufacture of the medicine is permitted under a law of a State or Territory;
 (iv) liquid fuel, where transported to or from a critical liquid fuel asset;
 (v) essential goods and supplies required for water treatment facilities;
 (vi) any other good that is critical for the operation, maintenance or management of a critical infrastructure asset.

10 Critical financial market infrastructure asset

Financial market
       (1) For paragraph 12D(2)(b) of the Act, a financial market is critical to the security and reliability of the financial services and markets sector if it:
(a) is operated by an entity that holds a Tier 1 market licence under subsection 795B(1) of the Corporations Act; and
(b) has, for at least 2 consecutive quarters, a turnover that meets any of the following:
 (i) 35% market share of traded Cash Market Products;
 (ii) $4 billion average daily value of traded Cash Market Products;
 (iii) $15 billion average daily notional value of Futures Market Contract transactions;
 (iv) $30 billion average daily notional value of transactions that are not Cash Market Products or Futures Market Contracts.
Note 1 Cash Market Product has the meaning given by the ASIC Market Integrity Rules (Securities Markets) 2017—see section 3.
Note 2 Futures Market Contract has the meaning given by the ASIC Market Integrity Rules (Futures Markets) 2017—see section 3.

Clearing and settlement facility
       (2) For paragraph 12D(3)(b) of the Act, a clearing and settlement facility is critical to the security and reliability of the financial services and markets sector if it is owned or operated by an Australian body corporate or an associated entity of an Australian body corporate that is required to comply with the financial stability standards determined by the Reserve Bank of Australia under section 827D of the Corporations Act:

Significant financial benchmark
       (3) For paragraph 12D(4)(b) of the Act, a significant financial benchmark is critical to the security and reliability of the financial services and markets sector if it is declared under section 908AC(2) of the Corporations Act.

Derivative trade repository
       (4) For paragraph 12D(5)(b) of the Act, a derivative trade repository is critical to the security and reliability of the financial services and markets sector if it has at least $20 trillion average daily notional value of outstanding transactions for all asset classes for at least 2 consecutive quarters.

Payment system
       (5) For paragraphs 12D(6)(a) and 12L(8)(i) of the Act:
(a) a payment system mentioned in an item of the following table is critical to the security and reliability of the financial services and markets sector; and
(b) the entity mentioned in the item is the responsible entity for the payment system.
Item  Payment system                           Responsible entity