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

STATUTORY RULES

1970 No.

 

REGULATION UNDER THE BANKING ACT 1959-1967.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Banking Act 1959-1967.

Dated this twenty-ninth day of October, 1970.

Paul Hasluck

Governor-General.

By His Excellency’s Command,

Treasurer

 

Amendments of the Banking (Savings Banks) Regulations

Investment of the funds of Savings Banks.

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

(a) by omitting from paragraph (h) of sub-regulation (2.) the word “and”;

(b) by adding at the end of that sub-regulation the following word and paragraph:—

“; and (j) loans to the company incorporated under the law of the State of New South Wales under the name ‘Australian Banks’ Export Re-Finance Corporation Limited’.”;

(c) by omitting from sub-regulation (3.) the word “sixty-five” and inserting in its stead the word “sixty”; and

(d) by omitting from sub-regulation (3a.) the word “thirty-five” and inserting in its stead the word “forty”.

* Notified in the Commonwealth Gazette on 1970.

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

Printed by Authority by the Government Printer of the Commonwealth of Australia

23843/70—Price 5c 10/16.10.1970