Document ID: chunk:federal_register_of_legislation:F2023L01225:body:0:p15
Version: federal_register_of_legislation:F2023L01225
Segment Type: other
Provision Reference: 
Character Range: 42898–44050

this purpose.

    [1]  Consequently, when a requirement falls due on a non-business day, it must be done by that day, not the next occurring business day.
    [2]  Refer to Prudential Standard CPS 232 Business Continuity Management (CPS 232).
    [3]  Refer to CPS 232.
    [4]  For the purposes of this Prudential Standard, reasonable assurance and limited assurance are defined in accordance with the Framework for Assurance Engagements issued by the Auditing and Assurance Standards Board (AUASB) as it exists from time to time.
    [5]  For non-disclosing entities, the relevant period is four months.
    [6]  Refer to subsection 11AF(2) of the Banking Act.
    [7]  Settlement refers to the extinguishment of obligations arising between payments system participants (including ADIs) using Exchange Settlement Accounts at the RBA.
    [8]  That is, in the treatment of 'on-us' items.
    [9]  Note, cheques drawn on an indirect participant deposited to an account at their representative direct participant are not settled via a 'recognised settlement system' therefore the Cheques Act deemed dishonour provisions do not apply to these cheques.