Media Release Payment Systems and Netting Act 1998: Approval of Netting Arrangement
As foreshadowed in the media release of 5 March 2007, the Reserve Bank has today approved the netting arrangement operated by the ASX Settlement and Transfer Corporation (ASTC) under Section 12 of the Payment Systems and Netting Act 1998. The approval will provide legal certainty to the netting undertaken by ASTC in the event that a party to the arrangement enters external administration.
Enquiries
Michele Bullock
Head of Payments Policy Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 8710
Manager, Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 9720
Fax: +61 2 9551 8033
E-mail:
rbainfo@rba.gov.au