Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.5.86

Excess money in National Guarantee Fund

             (1)  The Minister may notify the SEGC that the Minister is satisfied that:

                     (a)  a market licensee specified in the notification is operating a financial market to which Division 4 of Part 7.5 of the Act applies; or

                     (b)  each market licensee specified in the notification is operating a financial market to which Division 4 of Part 7.5 of the Act applies.

             (2)  For section 892G of the Act, if, on a day, the amount in the NGF is greater than the minimum amount identified in accordance with section 889I of the Act, the amount by which it is greater is excess money.



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