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310L: Matters that Bank must or may have regard to when making, varying, or revoking declaration under section 310K
or “Factors the Bank considers when declaring, changing, or cancelling rules for clearing houses”
You could also call this:

“Bank can set rules for clearing houses when making declarations”

When the Bank makes a declaration under section 310K, it can set some rules. These rules can be about the things mentioned in section 310L.

If a recognised clearing house doesn’t follow these rules, the Bank can cancel the declaration it made about that clearing house under section 310K.

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Next up: 310N: Bank to notify recognised clearing house about Bank's intention to revoke or vary declaration under section 310K

or “Bank must inform and consult clearing house before changing its declaration”
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Part 16 Liquidations
Creditors' claims

310MBank may impose conditions in declaration under section 310K

  1. The Bank may, in any declaration made or varied under section 310K, impose conditions relating to any of the matters referred to in section 310L.

  2. If a recognised clearing house fails to comply with any conditions referred to in subsection (1), the Bank may revoke the declaration made under section 310K that relates to the clearing house.

Notes
  • Section 310M: inserted, on , by section 15 of the Companies Amendment Act 1999 (1999 No 19).