78Reserve Bank may determine resolvability standards

78 Reserve Bank may determine resolvability standards

The Reserve Bank may, by legislative instrument, determine standards for the purposes of ensuring:

(a) designated entities; and

(b) related bodies corporate of designated entities, being related bodies corporate that are incorporated in Australia;

conduct their affairs in a way that would assist the Reserve Bank to manage or respond to a condition in section 90 being satisfied in relation to a designated entity.

Note 1: A standard may be determined in relation to all designated entities and related bodies corporate, or to one or more classes of them (see subsection 33(3A) of the Acts Interpretation Act 1901).

Note 2: For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901.