Document ID: chunk:federal_register_of_legislation:F2024C00838:reg:44
Version: federal_register_of_legislation:F2024C00838
Segment Type: reg
Provision Reference: reg 44
Character Range: 64056–65265

44  Requirement to implement, maintain and comply with liquidity management strategy
 (1) An approved provider that holds one or more refundable deposit balances, accommodation bond balances or entry contribution balances must implement and maintain a written liquidity management strategy that sets out:
 (a) the amount (expressed as an amount of whole dollars) required to ensure that the approved provider has sufficient liquidity for the purposes of section 43 (the minimum level of liquidity); and
 (b) the factors that the approved provider had regard to in determining the minimum level of liquidity; and
 (c) the form in which the approved provider will maintain the minimum level of liquidity.
 (2) An approved provider must:
 (a) maintain, in the form specified in the provider's liquidity management strategy, the minimum level of liquidity; and
 (b) ensure that the provider's liquidity management strategy is kept up‑to‑date and complies with the requirements set out in subsection (1); and
 (c) modify, or replace, its liquidity management strategy if the provider becomes aware that the strategy no longer complies with the requirements set out in subsection (1).

Division 3—Records Standard