Security of critical infrastructure Schedule 1 General amendments Part 1 and reliability of the financial services and markets sector; (iii) the asset is used in connection with the carrying on of banking business. Note: The rules may prescribe that a specified critical banking asset is not a critical infrastructure asset (see section 9). (2) For the purposes of subparagraph (1)(a)(ii), the rules may prescribe: (a) specified authorised deposit-taking institutions that are critical to the security and reliability of the financial services and markets sector; or (b) requirements for an authorised deposit-taking institution to be critical to the security and reliability of the financial services and markets sector. (3) For the purposes of subparagraph (1)(b)(ii), the rules may prescribe: (a) specified bodies corporate that are critical to the security and reliability of the financial services and markets sector; or (b) requirements for a body corporate to be critical to the security and reliability of the financial services and markets sector. 12H Meaning of critical insurance asset (1) An asset is a critical insurance asset if it is any of the following assets: (a) an asset where the following conditions are satisfied: (i) the asset is owned or operated by an entity that carries on insurance business; (ii) the entity is an entity that, in accordance with subsection (2), is critical to the security and reliability of the financial services and markets sector; (iii) the asset is used in connection with the carrying on of insurance business; (b) an asset where the following conditions are satisfied: (i) the asset is owned or operated by a body corporate that is a related body corporate of an entity that carries on insurance business; No. 124, 2021 Security Legislation Amendment (Critical Infrastructure) Act 2021 Authorised Version C2021A00124 39