Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 823K

  (1)   The Reserve Bank:

  (a)   may, by written notice given to a body corporate:

  (i)   vary a direction given under this Subdivision to the body corporate if, at the time of variation, the Reserve Bank reasonably believes the variation is necessary or appropriate; or

  (ii)   revoke such a direction if, at the time of revocation, the Reserve Bank reasonably believes the direction is no longer necessary or appropriate; and

  (b)   for a direction given under subsection   823E(1)--must immediately do so if required under subsection   823E(6).

  (2)   A direction given under this Subdivision has effect until the Reserve Bank revokes it under subsection   (1).