RESERVE BANK ACT 1959 - SECT 25M Payments System Board's report to the Minister
RESERVE BANK ACT 1959 - SECT 25M
Payments System Board's report to the Minister(1) The Payments System Board must, as soon as practicable after 30 June in each year, prepare and give to the Minister a report that:
(a) describes the standards determined under section 827D of the Corporations Act 2001 during the financial year ending on that 30 June; and
(b) describes any variations made to standards determined under that section that were in force during the financial year ending on that 30 June; and
(c) describes any revocations of standards determined under that section that were in force for part of the financial year ending on that 30 June; and
(d) discusses developments in the clearing and settlement industry during the financial year ending on that 30 June that are relevant to Australia 's financial stability.
(2) Section 34C of the Acts Interpretation Act 1901 does not apply in relation to a report under subsection ( 1).