Document ID: chunk:federal_register_of_legislation:C2025C00185:section:831a:p3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 831A (pt 3/3)
Character Range: 3266679–3267801

the functioning of the financial system in Australia.
 (2) A reference in subsection (1) to taking action in accordance with this Part does not include a reference to taking action under Subdivision C of Division 9 (temporary suspension of termination rights).
Note: The Reserve Bank may take action under that Subdivision if the Reserve Bank intends to take action under Division 3 or 4: see subsection 849BA(2).

Overseas clearing and settlement facilities
 (3) Subsection (1) of this section does not apply in relation to a CS facility licensee whose licence was granted under subsection 824B(2) (overseas clearing and settlement facilities).
 (4) This section does not limit Division 8 (cross‑border crisis resolution).
Note: Under Division 8, the Reserve Bank may take certain actions in accordance with this Part in relation to a CS facility licensee mentioned in subsection (3) of this section to assist a foreign authority to manage or respond to an event relating to the licensee.

Division 3—Statutory management

Subdivision A—Statutory management of body corporate in relation to CS facility licensee in crisis