means an arrangement that has more than 2 parties and under which the obligations owed by the parties to each other are netted.

for a payment or settlement system means the rules governing the operation of the system.

in an approved RTGS system means a person who is a participant in the system in accordance with the rules governing the operations of the system.

to an approved netting arrangement is a person who is a party to the arrangement in accordance with the rules governing the arrangement.

has the same meaning as in the Business Transfer Act.

, in relation to a body corporate, means a body corporate that is related to the first ‐ mentioned body, as determined in accordance with section 5AA.

means the Reserve Bank of Australia .

has the meaning given by section 15A.

in a payment or settlement system means a participant who, under the operating rules for the system, can settle transactions through the system on their own behalf and for other participants.

, for a close ‐ out netting contract, means an event of a kind mentioned in paragraph ( a) of the definition of close ‐ out netting contract .