Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_823s
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 823S
Character Range: 268302–268865

823S  Directions to preserve stability in the Australian financial system—relationship with other provisions
  If a direction under subsection 823F(1) directs a CS facility licensee to change any of the facility's operating rules or procedures (see subparagraph 823F(1)(a)(ii)), neither of the following provisions apply in relation to the change:
 (a) subsection 822D(2) (about change ceasing to have effect if ASIC not notified);
 (b) section 822E (about disallowance).
Note: The licensee would still need to notify ASIC of the change: see subsection 822D(1).