Document ID: chunk:federal_register_of_legislation:C2025C00185:section:824b:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 824B (pt 2/2)
Character Range: 3216629–3217872

likely to result if the licence is granted; and
 (f) no disqualified individual appears to be involved in the applicant (see Division 2 of Part 7.4); and
 (g) any other requirements that are prescribed by regulations made for the purposes of this subsection are satisfied.
Note: ASIC must also have regard to the matters in section 827A in deciding whether to grant a licence.

Grant to receiving body
 (3) If:
 (a) the Minister consents under paragraph 837A(1)(b) or 837B(1)(b) to a transfer in relation to a CS facility licensee; and
 (b) the Reserve Bank issues a certificate under subsection 838A(1) that the transfer is to take effect;
the Minister may grant an Australian CS facility licence to a body corporate that, as a result of the transfer, becomes, or will become, the successor in law of the CS facility licensee.
 (4) A licence granted to a body corporate under subsection (3) is taken to be:
 (a) unless paragraph (b) of this subsection applies—a licence granted under subsection (1); or
 (b) if the licence states that it is to be taken to have been granted under subsection (2)—a licence granted under subsection (2) authorising the body corporate to operate a specified clearing and settlement facility in this jurisdiction.