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

Statutory Rules 1988 No.2331

 

Banks (Savings Banks) Regulations2

(Amendment)

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

Dated 22 September 1988.

N. M. STEPHEN

Governor-General

By His Excellency's Command,

Paul Keating

Treasurer

 

Investment of funds of savings banks

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

(a) by omitting from subregulation (2aa) “6 per cent” and substituting “40 per cent”;

(b) by omitting subregulation (4).

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 September 1988.

2. Statutory Rules 1960 No. 6 as amended by 1962 No. 58; 1963 No. 80; 1966 No 69; 1970 No. 167; 1974 No. 155; 1977 Nos. 63, 86, 87 and 196; 1978 No. 160; 1982 No. 206; 1984 No. 168; 1986 Nos. 303 and 392; 1987 No. 52.

Printed by Authority by the Commonwealth Government Printer

(S.R. 250/88)—Cat. No. 16/29.8.1988