Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Reserve Bank may vary an access regime if the Reserve Bank considers it is appropriate to do so, having regard to:
(a) whether the variation would be in the public interest; and
(b) the interests of the current participants in the system; and
(c) the interests of people who, in the future, may want access to the system; and
(d) any other matters the Reserve Bank considers relevant.
(2) The Reserve Bank must not vary the access regime unless it has first consulted in accordance with section 28.
(3) The Reserve Bank may vary the access regime without complying with subsection (2) if it considers that the variation is of a minor technical nature.
(4) A decision to vary the access regime is to be in writing and is to set out the variation.
(5) If the Reserve Bank varies the access regime it must, as soon as practicable, provide notification under section 29.
(6) A failure to comply with subsection (5) does not affect the validity of a variation of the access regime.
(7) A variation of the access regime takes effect:
(a) unless paragraph (b) applies—on the day on which the decision to vary the access regime is made; or
(b) if that decision specifies a later day as the day on which the variation comes into force—on the day so specified.
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