Banking (Savings Banks) Regulations (Amendment) (Cth)

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Statutory Rules

1974 No. 155

REGULATION UNDER THE BANKING ACT 1959-1973.*

I, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulation under the Banking Act 1959-1973.

Dated this eleventh day of September, 1974.

JOHN R. KERR

Governor-General.

By His Excellency’s Command,

FRANK CREAN

Treasurer.

 

Amendments of the Banking (Savings Banks) Regulations

Investment of funds of savings banks.

Regulation 5 of the Banking (Savings Banks) Regulations is amended—

(a) by omitting from sub-regulation (3) the word “sixty” and substituting the word “fifty”;

(b) by omitting from sub-regulation (3a) the word “forty” and substituting the word “fifty”; and

(c) by omitting from sub-regulation (4) the word “ten” and substituting the words “seven and one-half”.

* Notified in the Australian Government Gazette on 12 September 1974.

  Statutory Rules 1960, No. 6, as amended by Statutory Rules 1962, No. 58; 1963, No. 80; 1966, No. 69; and 1970, No. 167.

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