Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_823k
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 823K
Character Range: 260796–261596

823K  Matters relating to all Reserve Bank directions—variation or revocation
 (1) The Reserve Bank:
 (a) may, by written notice given to a body corporate:
 (i) vary a direction given under this Subdivision to the body corporate if, at the time of variation, the Reserve Bank reasonably believes the variation is necessary or appropriate; or
 (ii) revoke such a direction if, at the time of revocation, the Reserve Bank reasonably believes the direction is no longer necessary or appropriate; and
 (b) for a direction given under subsection 823E(1)—must immediately do so if required under subsection 823E(6).
 (2) A direction given under this Subdivision has effect until the Reserve Bank revokes it under subsection (1).

Subdivision E—Matters relating to Reserve Bank recapitalisation directions