Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 2 - Regulation of CS facility licensees  

Subdivision E - Matters relating to Reserve Bank recapitalisation directions  

SECTION 823R  

823R   RECAPITALISATION DIRECTIONS - EXCEPTIONS TO PART IV OF THE COMPETITION AND CONSUMER ACT 2010  

For the purposes of subsection 51(1) of the Competition and Consumer Act 2010 , the following things are specified and specifically authorised:

(a)    the acquisition of shares in a CS facility licensee as a direct result of:

(i) the issue of the shares in compliance with a recapitalisation direction given to the licensee; or

(ii) the exercise of a right to acquire the shares that was issued in compliance with such a recapitalisation direction;

(b)    the acquisition of other capital instruments as a direct result of the issue of those capital instruments in compliance with a recapitalisation direction given to a CS facility licensee.