Document ID: chunk:federal_register_of_legislation:C2025C00185:section:742:p7
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 742 (pt 7/24)
Character Range: 2918797–2921899

licensees
Division 1—Preliminary
830A Simplified outline of this Part
830B Object of this Part
Division 2—Crisis resolution for CS facility licensees
831A Reserve Bank may exercise crisis resolution powers if certain conditions are satisfied
Division 3—Statutory management
Subdivision A—Statutory management of body corporate in relation to CS facility licensee in crisis
832A Statutory manager takes control of body corporate
832B Termination of appointment of statutory manager
832C When a statutory manager is in control
Subdivision B—Powers of statutory manager
833A Role of the statutory manager
833B Powers to remove director etc.
833C Power to alter body corporate's constitution etc.
833D Powers to facilitate recapitalisation
833E Statutory manager may request information etc. to be given
833F Statutory manager acts as body corporate's agent
Subdivision C—Effect of statutory manager assuming control
834A Exercise of directors' powers while body corporate under statutory management
834B Effect of things done during statutory management of body corporate
834C Effect of statutory management on body corporate's members
Subdivision D—Additional duties of statutory manager
835A Reporting to Reserve Bank
835B Reserve Bank's directions power—directions to statutory manager
835C Consent to take action that may affect financial system stability in Australia
Subdivision E—Other matters
836A Effect on external administration
836B Appointment of 2 or more statutory managers of body corporate
836C Costs of statutory management
836D Annual general meeting need not be held
836E Dealing with property subject to circulating security interests
836F When statutory manager may dispose of encumbered property
836G Proceeds of sale of property
836H Supply of essential services
836J Statutory manager has qualified privilege
836K Protection of persons dealing with statutory manager
Division 4—Compulsory transfer of business or shares
Subdivision A—Compulsory transfer of business or shares of body corporate in relation to CS facility licensee in crisis
837A Compulsory transfer of shares in body corporate
837B Compulsory transfer of business of body corporate
837C When consent of receiving body is in force
837D Agreement about how transfer is to be effected
837E Determination may impose conditions
837F Determination that transfer is not to take effect
Subdivision B—Transfer process
838A Certificate of transfer
838B Time and effect of transfer of shares
838C Time and effect of transfer of business
Subdivision C—Other matters
839A Partial transfer of netting contracts void
839B Reserve Bank may provide information to receiving body
839C Certificates in relation to land and interests in land
839D Certificates in relation to other assets
839E Documents purporting to be certificates
839F Construction of references in instruments to target body
839G Income or other distribution received by target body
839H Access to books
839J Relationship of Division with other laws etc.
839K Reserve Bank's rules may make special provision in relation to compulsory transfer
Division 5—Directions