Starting from 2015, the RBA has provided the CLF as part of Australia's implementation of the Basel III liquidity reforms. [4]  The First Five Years of the CLF Under the CLF, the RBA commits to provide liquidity under repo against securities eligible in its operations.
To access the CLF, a bank must meet several conditions: it must have paid its CLF fee; the bank's CEO has to have attested that the bank has positive net worth; and the RBA has to have judged that this is indeed the case.