{"type":"doc","content":[{"type":"section","attrs":{"id":"navPoint_30"},"content":[{"type":"heading","attrs":{"id":"v0-p-1426","level":5},"content":[{"type":"text","text":"12G","marks":[{"type":"bold"}]},{"type":"text","text":"  ","marks":[{"type":"bold"}]},{"type":"text","text":"Meaning of ","marks":[{"type":"bold"}]},{"type":"text","text":"critical banking asset","marks":[{"type":"bold"},{"type":"italic"}]}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(1)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1427"},"content":[{"type":"text","text":"An asset is a "},{"type":"text","text":"critical banking asset","marks":[{"type":"bold"},{"type":"italic"}]},{"type":"text","text":" if it is any of the following assets:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1428"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1429"},"content":[{"type":"text","text":"the asset is owned or operated by an authorised deposit"},{"type":"text","text":"‑"},{"type":"text","text":"taking institution;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1430"},"content":[{"type":"text","text":"the authorised deposit"},{"type":"text","text":"‑"},{"type":"text","text":"taking institution is an authorised deposit"},{"type":"text","text":"‑"},{"type":"text","text":"taking institution that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(2), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1431"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of banking business;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1432"},"content":[{"type":"text","text":"an asset where the following conditions are satisfied:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1433"},"content":[{"type":"text","text":"the asset is owned or operated by a body corporate that is a related body corporate of an authorised deposit"},{"type":"text","text":"‑"},{"type":"text","text":"taking institution;"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1434"},"content":[{"type":"text","text":"the body corporate is a body corporate that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(3), is critical to the security and reliability of the financial services and markets sector;"}]}]},{"type":"legalListItem","attrs":{"marker":"(iii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1435"},"content":[{"type":"text","text":"the asset is used in connection with the carrying on of banking business."}]}]}]}]}]},{"type":"paragraph","attrs":{"id":"v0-p-1436"},"content":[{"type":"text","text":"Note:"},{"type":"text","text":" "},{"type":"text","text":"The rules may prescribe that a specified critical banking asset is not a critical infrastructure asset (see section"},{"type":"text","text":" "},{"type":"text","text":"9)."}]}]},{"type":"legalListItem","attrs":{"marker":"(2)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1437"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(a)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1438"},"content":[{"type":"text","text":"specified authorised deposit"},{"type":"text","text":"‑"},{"type":"text","text":"taking institutions that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1439"},"content":[{"type":"text","text":"requirements for an authorised deposit"},{"type":"text","text":"‑"},{"type":"text","text":"taking institution to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(3)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1440"},"content":[{"type":"text","text":"For the purposes of subparagraph"},{"type":"text","text":" "},{"type":"text","text":"(1)(b)(ii), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1441"},"content":[{"type":"text","text":"specified bodies corporate that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1442"},"content":[{"type":"text","text":"requirements for a body corporate to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]}]}]}]}