Matters relating to all Reserve Bank directions—variation or revocation
(1) The Reserve Bank: (a) may, by written notice given to a body corporate: (i) vary a direction given under this Subdivision to the body corporate if, at the time of variation, the Reserve Bank reasonably believes the variation is necessary or appropriate; or (ii) revoke such a direction if, at the time of revocation, the Reserve Bank reasonably believes the direction is no longer necessary or appropriate; and (b) for a direction given under subsection 823E(1)—must immediately do so if required under subsection 823E(6). (2) A direction given under this Subdivision has effect until the Reserve Bank revokes it under subsection (1).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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