10Categories of registered corporations

##### 10 Categories of registered corporations (1) For the purposes of this Act the Reserve Bank shall prepare a list of registered corporations, being a list in which the corporations are divided into such categories as the Reserve Bank determines. (2) The Reserve Bank may at any time vary the list prepared for the purposes of subsection (1) for the purpose of adding to it corporations that become registered corporations, or removing from it corporations that are found not to be or cease to be registered corporations, after the list is prepared or for the purpose of transferring a corporation from one category to another category. (4) In determining the category in which a corporation is to be included or in determining whether a corporation should be transferred from one category to another category, the Reserve Bank shall have regard to: (a) the assets and liabilities of the corporation; (b) the principal methods by which the corporation ordinarily borrows moneys; and (c) the principal kinds of finance ordinarily provided by the corporation; and shall endeavour to ensure that, as far as practicable, corporations carrying on the same or similar kinds of business are included in the same category. (5) The Reserve Bank shall cause a copy of the list prepared for the purposes of subsection (1), and, if a variation of the list is made before subsection (5D) commences, a copy of the variation, to be published in the Gazette. (5A) If, after this subsection commences, the Reserve Bank prepares a list under subsection (1) in substitution for the existing list prepared under that subsection and any variations made to that list, the Reserve Bank must publish a copy of the list in such manner and form as the Reserve Bank determines to be appropriate. (5D) A variation of the list prepared under subsection (1) must be published in such manner and form as the Reserve Bank determines to be appropriate. (6) As soon as practicable after a corporation is included in a category or is transferred from one category to another category, the Reserve Bank shall notify the corporation of the category in which it has been included or to which it has been transferred. (7) If: (a) after a corporation has been included in a category the corporation requests the Reserve Bank to transfer the corporation to another category; or (b) after a corporation has been transferred from one category to another category the corporation requests the Reserve Bank to re‑transfer the corporation to the former category or to transfer the corporation to a third category; and the corporation furnishes information or makes submissions to the Reserve Bank in support of the request, the Reserve Bank must, after taking into account the information or submissions: (c) reconsider the question of the category in which the corporation should be included; and (d) if the Reserve Bank thinks that the corporation should be transferred to a different category, vary the list prepared for the purposes of subsection (1) accordingly.