Structured Finance Support (Coronavirus Economic Response Package) Rules 2020

Dated                           25 March 2020

Josh Frydenberg

Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Definitions..................................................................................................................... 1

5............ Authorised debt securities............................................................................................. 1

6............ Eligible delegates........................................................................................................... 1

1  Name

                   This instrument is the Structured Finance Support (Coronavirus Economic Response Package) Rules 2020.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Structured Finance Support (Coronavirus Economic Response Package) Act 2020.

4  Definitions

Note:       Expressions have the same meaning in this instrument as in the Act as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.

                   In this instrument:

Act means the Structured Finance Support (Coronavirus Economic Response Package) Act 2020.

5  Authorised debt securities

                   For the purposes of paragraph 12(4)(d) of the Act, the debt security must not be a first loss security.

6  Eligible delegates

                   For the purposes of subsection 18(2) of the Act, the Australian Office of Financial Management is prescribed.