Document ID: chunk:federal_register_of_legislation:C2024C00373:section:6a
Version: federal_register_of_legislation:C2024C00373
Segment Type: section
Provision Reference: s 6A
Character Range: 22273–23041

6A  Non‑terminal administration not to affect transactions
 (1) If:
 (a) a participant in an approved RTGS system goes into non‑terminal administration; and
 (b) a payment or settlement transaction is executed through the system at any time before the participant goes into, or while the participant is in, non‑terminal administration; and
 (c) the transaction involves the payment of money, or the transfer of an asset, by the participant;
the payment or transfer has the same effect it would have had if the participant had not gone into non‑terminal administration.
 (2) This section has effect despite any other law (including the specified provisions and the specified stay provisions).
Note: Section 5 defines specified provisions and specified stay provision.