Commonwealth Consolidated Regulations

PAYMENT SYSTEMS AND NETTING REGULATIONS 2001 - REG 5

  (1)   This regulation is made for paragraph   (g) of the definition of financial property in section   5 of the Act.

  (2)   The following property is declared to be financial property for the purposes of the Act:

  (a)   a document evidencing ownership of gold, silver or platinum;

  (b)   cash collateral (including cash, certificates of deposit and bank bills);

  (c)   property described in paragraph   5(b), (c) or (e), or paragraph   25, of Attachment H to Prudential Standard APS 112--Capital Adequacy: Standardised Approach to Credit Risk , made by APRA under section   11AF of the Banking Act 1959 and as in force from time to time, as property that may be recognised as eligible collateral (ignoring any conditions set out in the Attachment);

  (d)   property described in paragraph   5(d) of Attachment H to that prudential standard, ignoring:

  (i)   the words "and the ADI holding the security has no information suggesting that the security justifies a rating below this level"; and

  (ii)   any conditions set out in the Attachment;

  (e)   a covered bond (within the meaning of the Banking Act 1959 ).