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

STATUTORY RULES

1966 No. 69

 

REGULATIONS UNDER THE BANKING ACT 1959-1965.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Banking Act 1959-1965.

Dated this nineteenth day of March, 1966.

Governor-General.

By His Excellency’s Command,

(SGD) WILLIAM McMAHON

Treasurer.

 

Amendments of the Banking (Savings Banks) Regulations

Investment of the funds of savings banks.

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

(a) by omitting from sub-regulation (5.) the words “last two preceding sub-regulations do not apply” and inserting in their stead the words “last preceding sub-regulation does not apply”; and

(b)by omitting from sub-regulation (6.) the words “Two million pounds” and inserting in their stead the words “Four million dollars”.

Persons who may draw cheques on savings banks.

2. Regulation 7 of the Banking (Savings Banks) Regulations is amended by adding at the end thereof the following sub-regulation:—

“(2.) The last preceding sub-regulation does not apply to The Hobart Savings Bank or the Launceston Bank for Savings.”.

Penalties.

3. Regulation 8 of the Banking (Savings Banks) Regulations is amended by omitting the words “One thousand pounds” (wherever occurring) and inserting in their stead the words “Two thousand dollars”.

* Notified in the Commonwealth Gazette on 24 March, 1966.

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

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra

784/66.—Price 6d. (5c) 9/21.1.1966