Section 840C — Corporations Act 2001 (Cth)

If a direction under subsection 840A(1) directs a CS facility licensee to change any of the facility’s operating rules or procedures, neither of the following provisions apply in relation to the change:

(a) subsection 822D(2) (about change ceasing to have effect if ASIC not notified);

(b) section 822E (about disallowance).

Note: The licensee would still need to notify ASIC of the change: see subsection 822D(1).

Related sections

• s 839K — Reserve Bank’s rules may make special provision in relation to compulsory transfer
• s 840A — Reserve Bank’s directions power—manage or respond to crisis
• s 840B — Matters relating to Reserve Bank directions—manage or respond to crisis
• s 841A — Reserve Bank’s directions power—information to assist crisis management
• s 841B — Matters relating to Reserve Bank directions—information to assist crisis management
• s 842A — Circumstances to which moratorium is relevant

Research how courts apply s 840C

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