Document ID: chunk:federal_register_of_legislation:C2025C00185:section:831a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 831A (pt 2/3)
Character Range: 3264187–3266930

financial viability is likely to be at risk;
 (f) the Reserve Bank reasonably believes that, in the absence of external support, the licensee's financial viability is likely to be at risk;
 (g) an external administrator of the licensee has been appointed;
 (h) the licensee notifies the Reserve Bank that it is considering appointing an external administrator of the licensee;
 (i) the Reserve Bank reasonably believes that a person is seeking to have an external administrator of the licensee appointed;
 (j) an external administrator of a related body corporate of the licensee has been appointed, or a similar appointment has been made under a foreign law, and the Reserve Bank reasonably believes that the appointment is likely to pose a threat to:
 (i) the stability of the financial system in Australia; or
 (ii) the ability of the licensee to continue to provide one or more clearing and settlement facility services that are critical to the functioning of the financial system in Australia;
 (k) a related body corporate of the licensee, that is incorporated in Australia, notifies the Reserve Bank that it is considering appointing an external administrator of itself and the Reserve Bank reasonably believes that the appointment is likely to pose a threat to:
 (i) the stability of the financial system in Australia; or
 (ii) the ability of the licensee to continue to provide one or more clearing and settlement facility services that are critical to the functioning of the financial system in Australia;
 (l) the Reserve Bank reasonably believes that a person is seeking to have an external administrator of a related body corporate of the licensee appointed, or a person is seeking to make a similar appointment under a foreign law, and the Reserve Bank reasonably believes that the appointment is likely to pose a threat to:
 (i) the stability of the financial system in Australia; or
 (ii) the ability of the licensee to continue to provide one or more clearing and settlement facility services that are critical to the functioning of the financial system in Australia;
 (m) the licensee, or a related body corporate of the licensee that is incorporated in Australia, is doing or not doing any act or thing, and the Reserve Bank reasonably believes this is likely to pose a threat to:
 (i) the stability of the financial system in Australia; or
 (ii) the ability of the licensee to continue to provide one or more clearing and settlement facility services that are critical to 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