Section 823P — Corporations Act 2001 (Cth)

Recapitalisation directions—working out the fair value of other capital instruments

(1) Before giving a recapitalisation direction directing a CS facility licensee to issue one or more specified classes of capital instruments (see subparagraph 823F(1)(c)(iii)), the Reserve Bank must comply with any requirements prescribed by the regulations for ascertaining the fair value of the capital instruments.

(2) Regulations made for the purposes of this section may specify different requirements for different classes of capital instruments.

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.

Related sections

s 823L — Recapitalisation directions—matters relating to compliance
s 823M — Recapitalisation directions—Reserve Bank must obtain expert’s report on the fair value of shares etc.
s 823N — Recapitalisation directions—determination of the fair value of shares or rights by an expert
s 823Q — Recapitalisation directions—contravening certain provisions does not affect the validity of the direction etc.
s 823R — Recapitalisation directions—exceptions to Part IV of the Competition and Consumer Act 2010
s 823S — Directions to preserve stability in the Australian financial system—relationship with other provisions

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