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Payment Systems and Netting Bill 1998

Part 6 Administration


17   Prescribed forms

                   A document that this Act requires to be in a prescribed form must be:

                     (a)  if a form for the document is prescribed in the regulations—in the prescribed form; or

                     (b)  if a form for the document is not prescribed in regulations but the Reserve Bank has approved a form for the document—in the approved form.

18   Regulations

                   The Governor-General may make regulations prescribing matters:

                     (a)  required or permitted to be prescribed by this Act; or

                     (b)  necessary or convenient to be prescribed for carrying out or giving effect to this Act.



[ Minister's second reading speech made in

House of Representatives on 1 April 1998

Senate on 29 May 1998 ]