Banking (Statistics) Regulations (Cth)

STATUTORY RULES.

1960. No. 7.

REGULATIONS UNDER THE BANKING ACT 1959.*

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.

Dated this 9th day of January, 1960.

W. J. Slim

Governor-General.

By His Excellency’s Command,

(SGD.) HAROLD HOLT

Treasurer.

 

BANKING (STATISTICS) REGULATIONS.

Citation.

1. These Regulations may be cited as the Banking (Statistics) Regulations.

Commencement.

2. These Regulations shall come into operation on the day on which Part VI. of the Banking Act 1959 comes into operation.

Definition.

3. In these Regulations, “the Act” means the Banking Act 1959.

Prescribed dates for trading banks to furnish balance-sheets and statements.

4. For the purposes of sub-section (1.) of section 52 of the Act, the date in each year prescribed in respect of each bank specified in the following table is the date specified in the table opposite to the name of the bank:—

Name of Bank.	Date.
Australia and New Zealand Bank Limited............................................................	30th September
The Ballarat Banking Company Limited..............................................................	30th June
The Bank of Adelaide.........................................................................................	30th September
Bank of China....................................................................................................	30th June
Bank of New South Wales..................................................................................	30th September
Bank of New Zealand.........................................................................................	31st March
The Brisbane Permanent Building and Banking Company Limited........................	31st August
The Commercial Bank of Australia Limited.........................................................	30th June
The Commercial Banking Company of Sydney Limited.......................................	30th June
Commonwealth Development Bank of Australia..................................................	30th June
Commonwealth Trading Bank of Australia..........................................................	30th June
Comptoir National d’Escompte de Paris..............................................................	30th June
The English, Scottish and Australian Bank, Limited.............................................	30th June
The National Bank of Australasia Limited...........................................................	30th September
The Queensland National Bank Limited..............................................................	30th September

* Notified in the Commonwealth Gazette on 11th January, 1960.

10619/59.—Price 3d. 15/30.12.1959.

Prescribed dates for savings banks to furnish balance-sheets and statements.

5. For the purposes of section 53 of the Act, the date in each year prescribed in respect of each bank specified in the following table is the date specified in the table opposite to the name of the bank:—

Name of Bank.	Date.
Australia and New Zealand Savings Bank Limited...............................................	30th September
Bank of New South Wales Savings Bank Limited.................................................	30th September
C.B.C. Savings Bank Limited..............................................................................	30th June
Commonwealth Savings Bank of Australia..........................................................	30th June
The Hobart Savings Bank...................................................................................	31st August
Launceston Bank for Savings..............................................................................	31st August

Variation of Form A.

6. Form A in the Second Schedule to the Act is varied—

(a)by omitting items 2 and 3 in the column headed “Assets.” and inserting in their stead the following items:—

“2. Money at short call overseas

“3. Australian public securities**—

(a) Commonwealth and States—

(i) Treasury bills and seasonal securities

(ii) Other securities

(b) Local and semi-governmental authorities”;

(b)by inserting after item 5 in that column the following item:—

“5a. Loans to authorized dealers in the short-term money market”; and

(c) by omitting item 8 in that column and inserting in its stead the following item:—

“8. Loans (other than loans included in item 5a), advances and bills discounted (after deducting provisions for debts considered bad or doubtful)”.

Variation of Form C.

7. Form C in the Second Schedule to the Act is varied by omitting item 1 in the column headed “Income.”and inserting in its stead the following item:—

“1. Discount and interest—

(a) on loans (other than loans referred to in paragraph (d) of this item), advances and bills discounted

(b) on Commonwealth and State securities—

(i) Treasury bills

(ii) Seasonal securities

(iii) Other securities

(c) on other securities

(d)on loans to authorized dealers in the short-term money market

(e) on Statutory Reserve Deposit Account with Reserve Bank

(f) other”.

Variation of Form D.

8. Form D in the Second Schedule to the Act is varied—

(a)by omitting item 4 in the column headed “Assets” in Part I. of that Form and inserting in its stead the following item:—

“4. Australian public securities—

(a) Commonwealth and States—

(i) Treasury bills

(ii) Seasonal securities

(iii) Other securities

(b) Local and semi-governmental authorities”;

(b)by inserting after item 5 in that column the following item:—

“5a. Loans to authorized dealers in the short-term money market”;

(c) by omitting item 8 in that column and inserting in its stead the following item:—

“8. Loans (other than loans included in item 5a), advances and bills discounted ||”; and

(d)by omitting from Part II. of that Form the column heading—

“Loans, advances and bills discounted.”

and inserting in its stead the column heading—

“Loans (other than loans to authorized dealers in the short-term money market), advances and bills discounted.”.

Variation of Form G.

9. Form G in the Second Schedule to the Act is varied—

(a) by omitting items 4 and 5 in the column headed “Assets.”and inserting in their stead the following items:—

“4. Money at short call overseas

“5. Australian public securities**—

(a) Commonwealth and States—

(i) Treasury bills and seasonal securities

(ii) Other securities

(b) Local and semi-governmental authorities”;

(b) by inserting after item 7 in that column the following item:—

“7a. Loans to authorized dealers in the short-term money market”;

and

(c) by omitting item 9 in that column and inserting in its stead the following item:—

“9. Loans (other than loans included in item 7a), advances and bills discounted (after deducting provisions for debts considered bad or doubtful)”.

Variation of Form H.

10. Form H in the Second Schedule to the Act is varied by omitting item 1 in the column headed “Income.”and inserting in its stead the following item:—

“1. Discount and interest—

(a) on loans (other than loans referred to in paragraph (d) of this item), advances and bills discounted

(b) on Commonwealth and State securities—

(i) Treasury bills

(ii) Seasonal securities

(iii) Other securities

(c) on other securities

(d)on loans to authorized dealers in the short-term money market

(e) other”.

Variation of Form I.

11. Part I. of Form I in the Second Schedule to the Act is varied—

(a) by omitting item 5 in the column headed “Assets.” and inserting in its stead the following item:—

“5. Australian public securities§—

(a) Commonwealth and States—

(i) Treasury bills

(ii) Seasonal securities

(iii) Other securities

(b) Local and semi-governmental authorities”;

(b) by inserting after item 6 in that column the following item:—

“6a. Loans to authorized dealers in the short-term money market”;

and

(c) by omitting item 8 in that column and inserting in its stead the following item:—

“8. Loans (other than loans included in item 6a), advances and bills discounted||—

(a) Housing

(b) Other”.

Interpretation of Forms.

12. In Forms A, C, D, G, H and I in the Second Schedule to the Act (being those Forms as varied by virtue of these Regulations)—

(a) a reference to authorized dealers in the short-term money market shall be read as a reference to persons—

(i) who, in accordance with arrangements made between the Reserve Bank and those persons, deal in securities issued by the Commonwealth and, for that purpose, borrow money for short periods; and

(ii) whom the Reserve Bank declares, in writing, to be authorized dealers in the short-term money market; and

(b) a reference to seasonal securities shall be read as a reference to Seasonal Inscribed Stock and Seasonal Treasury Notes.

 

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