Banking (Interpretation of References) Act 1959 (NSW)

BANKING (INTERPRETATION OF REFERENCES)

ACT.

Act No. 32, 1959.

An Act to make provision, consequential on the enactment by the Parliament of the Commonwealth of certain legislation relating to banking, with respect to the construction of references in State legislation to the Commonwealth Bank of Aus­ tralia and with respect to certain other matters; for this purpose to amend the Commonwealth Bank (Interpretation) Act, 1953, and certain other Acts; and for purposes connected therewith. [Assented to, 10th December, 1959.]

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative	Council and Legislative Assembly of New South Wales in
Parliament assembled, and by the authority of the same, as follows : —

(1) This Act may be cited as the "Banking (Interpre­ tation of References) Act, 1959".

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(2) The Commonwealth Bank (Interpretation) Act, 1953, as amended by this Act, may be cited as the Common­ wealth Bank (Interpretation) Act, 1953-1959.

(3) The Hire-purchase Agreements Act, 1941, as amended by subsequent Acts and by this Act, may be cited as the Hire-purchase Agreements Act, 1941-1959.

(4) The Credit-sale Agreements Act, 1957, as amended by this Act, may be cited as the Credit-sale Agreements Act, 1957-1959.

(5) The Evidence Act, 1898, as amended by subse­

quent Acts and by this Act, may be cited as the Evidence

Act, 1898-1959. (6)

(6) The Stamp Duties Act, 1920, as amended by subsequent Acts and by this Act, may be cited as the Stamp Duties Act, 1920-1959.

(7) The Anzac Memorial (Building) Act, 1923, as amended by the Anzac Memorial (Building) Amendment Act, 1934, and by this Act, may be cited as the Anzac Memorial (Building) Act, 1923-1959.

(8) This Act, except where otherwise expressly provided, shall commence upon the day upon which the Reserve Bank Act 1959 of the Parliament of the Commonwealth comes into operation.

2. (1) The Commonwealth Bank (Interpretation) Act, 1953, is amended—

(a)	by inserting at the end of subsection one of section two the words ", the Reserve Bank of Australia and the Commonwealth Development Bank of Australia";
(b)	by inserting in the definition of "Act" in paragraph (a) of subsection two of the same section after the words "other than" the words "the Anzac Memorial (Building) Act, 1923-1934,";

(c) by inserting at the end of the same section the

following new subsection: —

(3) As on and from the commencement of the Banking (Interpretation of References) Act, 1959, a reference in the Coal Industry Act, 1946-1951, to the Commonwealth Bank of Australia shall be read and construed as a reference to the Reserve Bank of Australia.

(2) The amendment made by paragraph (b) of subsection one of this section shall be deemed to have commenced upon the third day of December, one thousand nine hundred and fifty-three.

3. The Hire-purchase Agreements Act, 1941, as amended by subsequent Acts, is amended by omitting from subsection one of section two the definition of "Banker" and by inserting in lieu thereof the following definition : —

"Banker" means a body corporate for the time being authorised to carry on banking business under a law of this or another State or of the Commonwealth of Australia.

4. The Credit-sale Agreements Act, 1957, is amended by omitting from subsection one of section two the definition of "Banker" and by inserting in lieu thereof the following definition: —

"Banker" means a body corporate for the time being authorised to carry on banking business under a law of this or another State or of the Commonwealth of Australia.

5. The Evidence Act, 1898, as amended by subsequent Acts, is amended by omitting paragraph (b) of the definition of "prescribed corporation" in subsection five of section 43c and by inserting in lieu thereof the following paragraph: —

(b) any body corporate for the time being authorised to carry on banking business under a law of this or another State or of the Commonwealth of Australia.

The Stamp Duties Act, 1920, as amended by subsequent Acts, is amended—

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(a) by omitting paragraph (c) of the exemptions appearing under the heading "Bill of Exchange and Promissory Notes" and by inserting in lieu thereof the following paragraph : —

(c) Cheque or order payable on demand drawn on any savings bank authorised to carry on banking business under a law of a State or of the Commonwealth of Australia.

(b)

(b) by omitting paragraph (h) of the exemptions appearing under the heading "Receipt or Discharge" and by inserting in lieu thereof the following paragraph: —

(h) Any receipt given by depositors on receiving deposits from any savings bank authorised to carry on banking business under a law of a State or of the Commonwealth of Australia.

The Anzac Memorial (Building) Act, 1923, as amended by the Anzac Memorial (Building) Amendment Act, 1934, is amended by omitting from section three the words "The Deputy Governor of the Commonwealth Bank of Australia" and by inserting in lieu thereof the words "The Managing Director of the Commonwealth Banking Corporation".

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GAMING