Determination that transfer is not to take effect
(1) If: (a) the Reserve Bank has made a determination under section 837A or 837B that there is to be a transfer; and (b) the Reserve Bank has not issued a certificate under section 838A that the transfer is to take effect; and (c) either: (i) the consent of the board of the receiving body to the transfer has been withdrawn; or (ii) the Reserve Bank decides under subsection (2) of this section that that the transfer should not go ahead; the Reserve Bank must, in writing, issue a certificate stating that the transfer is not to take effect. (2) The Reserve Bank may decide that the transfer should not go ahead if the Reserve Bank no longer reasonably believes that the transfer is appropriate to manage or respond to the condition in section 831A being satisfied in relation to a CS facility licensee, including because the condition is not satisfied in relation to the licensee. (3) The certificate is not a legislative instrument. Notice (4) The Reserve Bank must give a copy of the certificate to the target body and the receiving body.
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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