13Simplified outline of this Part

13 Simplified outline of this Part

This Part empowers the Reserve Bank to designate an entity (a body corporate) for the purposes of this Act. To be designated, a body corporate must be a constitutional corporation and carry on a business of providing cash distribution services in Australia. The Reserve Bank must also consider that the body corporate satisfies a criterion relating to the significance of its role in the cash distribution system.

In making a designation, the Reserve Bank must consult the ACCC.

The Reserve Bank cannot designate itself under this Part.