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Section 13 - Payment Systems and Netting Act 1998 - Qualified privilege — Zoe

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Payment Systems and Netting Act 1998

13Qualified privilege

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#### 13 Qualified privilege A party to an approved netting arrangement has qualified privilege for a notice they give the coordinator under the rules governing the arrangement that they have reasonable grounds to suspect that another party to the arrangement is insolvent.

Previous section12Reserve Bank may approve netting arrangement Next sectionPart 4Close‑out netting contracts