Document ID: chunk:federal_register_of_legislation:C2025C00045:section:12d:p2
Version: federal_register_of_legislation:C2025C00045
Segment Type: section
Provision Reference: s 12D (pt 2/3)
Character Range: 90745–93466

security and reliability of the financial services and markets sector;
 (h) an asset that:
 (i) is owned or operated by an associated entity of an Australian body corporate that holds an Australian derivative trade repository licence; and
 (ii) is used in connection with the operation of a derivative trade repository that, in accordance with subsection (5), is critical to the security and reliability of the financial services and markets sector;
 (i) an asset that is used in connection with the operation of a payment system that, in accordance with subsection (6), is critical to the security and reliability of the financial services and markets sector.
Note: The rules may prescribe that a specified critical financial market infrastructure asset is not a critical infrastructure asset (see section 9).
 (2) For the purposes of paragraphs (1)(a) and (b), the rules may prescribe:
 (a) specified financial markets that are critical to the security and reliability of the financial services and markets sector; or
 (b) requirements for a financial market to be critical to the security and reliability of the financial services and markets sector.
 (3) For the purposes of paragraphs (1)(c) and (d), the rules may prescribe:
 (a) specified clearing and settlement facilities that are critical to the security and reliability of the financial services and markets sector; or
 (b) requirements for a clearing and settlement facility to be critical to the security and reliability of the financial services and markets sector.
 (4) For the purposes of paragraphs (1)(e) and (f), the rules may prescribe:
 (a) specified significant financial benchmarks that are critical to the security and reliability of the financial services and markets sector; or
 (b) requirements for a significant financial benchmark to be critical to the security and reliability of the financial services and markets sector.
 (5) For the purposes of paragraphs (1)(g) and (h), the rules may prescribe:
 (a) specified derivative trade repositories that are critical to the security and reliability of the financial services and markets sector; or
 (b) requirements for a derivative trade repository to be critical to the security and reliability of the financial services and markets sector.
 (6) For the purposes of paragraph (1)(i), the rules may prescribe:
 (a) specified payment systems that are critical to the security and reliability of the financial services and markets sector; or
 (b) requirements for a payment system to be critical to the security and reliability of the financial services and markets sector.
 (7) For the purposes of this section, Australian body corporate means a body corporate that is incorporated in Australia.