Search: CAC
RBA Glossary definition for CAC
CAC – Collective Action Clause. A clause in bond contracts that includes provisions allowing a qualified majority of lenders to amend key financial terms of the debt contract and bind a minority to accept these new terms.
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Governance
20 Sep 2018
RBA Annual Report
– 2018
Indemnities for members appointed after 1 July 2014, when the CAC Act was repealed, have reflected the substance of the previous CAC Act restrictions. ... Certain other indemnities given prior to 1 July 2014 in accordance with section 27M of the CAC Act
https://www.rba.gov.au/publications/annual-reports/rba/2018/governance.html
Sovereign Debt Restructuring: Recent Issues and Reforms
18 Dec 2014
Bulletin
– December 2014
Over the past decade, 14 countries have undertaken a total of 18 debt restructurings. Concerns surrounding some of these restructurings have led policymakers and capital market participants to review their policies and practices on restructuring
https://www.rba.gov.au/publications/bulletin/2014/dec/9.html
1.2 Governance and Accountability
10 Oct 2023
RBA Annual Report
– October 2023
Governance and Accountability | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/governance-and-accountability.html
Recent Proposals for Reform of Sovereign Debt Restructuring
13 Aug 2002
Bulletin
PDF
78KB
debtor. ‘British-style’ bonds issued in theEuromarket under English governing lawalmost invariably contain CACs. ... Global bonds (without CACs) 45Euromarket 48– with CACs 22– without CACs 26Other 7.
https://www.rba.gov.au/publications/bulletin/2002/aug/pdf/bu-0802-3.pdf
Governance
12 Sep 2014
RBA Annual Report
– 2014
Commonwealth Authorities and Companies Act 1997. (CAC Act). Under the CAC Act members were required to:. ... The above requirements of the Audit Committee under the CAC Act until 30 June 2014 have been slightly modified under the PGPA Act.
https://www.rba.gov.au/publications/annual-reports/rba/2014/governance.html
Governance
24 Oct 2016
RBA Annual Report
– 2016
Commonwealth Authorities and Companies Act 1997. (CAC Act), were in accordance with section 27M of the CAC Act. ... Certain other indemnities continue, being indemnities in accordance with section 27M of the CAC Act provided by the Reserve Bank to other
https://www.rba.gov.au/publications/annual-reports/rba/2016/governance.html
Statutory Reporting Obligations
12 Sep 2014
RBA Annual Report
– 2014
Some of these responsibilities are newly created under the PGPA Act and some rested with the Board under the CAC Act. ... No General Policy Orders under section 48A of the CAC Act were first applied, or continued to apply, to the Reserve Bank during
https://www.rba.gov.au/publications/annual-reports/rba/2014/stat-oblig.html
Sovereign Debt Restructuring: Recent Issues and Reforms
17 Dec 2014
Bulletin
December Quarter 2014
PDF
1015KB
https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-9.pdf
5.5 Abbreviations
19 Oct 2023
RBA Annual Report
– 2023
BRS. Business Resumption Site. CAC Act. Commonwealth Authorities and Companies Act 1997 (repealed).
https://www.rba.gov.au/publications/annual-reports/rba/2023/abbreviations.html
Governance
20 Sep 2018
PSB Annual Report
– 2018
Commonwealth Authorities and Companies Act 1997. (CAC Act), which specified when indemnity for liability and legal costs was not allowed. ... Indemnities for members appointed after 1 July 2014, when the CAC Act was repealed, have reflected the substance
https://www.rba.gov.au/publications/annual-reports/psb/2018/governance.html