80Reserve Bank assessment of compliance with standards

80 Reserve Bank assessment of compliance with standards

(1) The Reserve Bank may do an assessment of how well:

(a) a designated entity is complying with cash distribution standards; or

(b) a designated entity, or a related body corporate of a designated entity, is complying with resolvability standards.

(2) In doing the assessment, the Reserve Bank may take account of any information and reports that it thinks appropriate.

(3) If an assessment, or part of an assessment, relates to any other person’s affairs to a material extent, the Reserve Bank may, at the person’s request or of its own initiative, give the person a copy of the written report on the assessment or the relevant part of the report.

(4) If an assessment, or part of an assessment, relates to a serious contravention of a law of the Commonwealth or of a State or Territory, the Reserve Bank may give a copy of the written report on the assessment, or the relevant part of the report, to:

(a) the Australian Federal Police; or

(b) the Chief Executive Officer of the Australian Crime Commission established by the Australian Crime Commission Act 2002; or

(c) a member of the staff of the ACC (within the meaning of the Australian Crime Commission Act 2002); or

(d) the Director of Public Prosecutions.