Banks (Shareholdings) Regulations (Amendment) (Cth)

Statutory Rules 1995

No. 415 1

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Banks (Shareholdings) Regulations 2(Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Banks (Shareholdings) Act 1972.

Dated 12 December 1995.

 

 BILL HAYDEN

 Governor-General

By His Excellency’s Command,

  

GEORGE GEAR

Assistant Treasurer

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1.   Amendment

1.1   The Banks (Shareholdings) Regulations are amended as set out in these Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2.   New regulation 10

2.1   After regulation 9, insert:

Prescribed interests in shares and prescribed persons (Act, paragraph 8 (9) (d))—Lloyds Bank NZA Limited and Macquarie Bank Limited

 “10. (1) In this regulation:

‘Hill Samuel company’ means:

• (a)

  TSB Hill Samuel Bank Holding Company plc, being the corporation formed or incorporated under that name in the United Kingdom; or

• (b)

  an associate of that corporation (within the meaning of subsection 8 (5) of the Act);

‘Lloyds company’ means:

• (a)

  Lloyds Bank Plc, being the corporation formed or incorporated under that name in the United Kingdom; or

• (b)

  an associate of that corporation (within the meaning of subsection 8 (5) of the Act).

 “(2) For the purposes of paragraph 8 (9) (d) of the Act:

• (a)

  an interest in a share in Lloyds Bank NZA Limited, being an interest that Hill Samuel company is taken to hold by reason of paragraph 8 (4) (c) of the Act, is a prescribed interest; and

• (b)

  an interest in a share in Macquarie Bank Limited, being an interest that Lloyds company is taken to hold by reason of paragraph 8 (4) (c) of the Act, is a prescribed interest.”.

2.   Schedule (Banks and persons specified for purposes of regulations 3 and 4)

2.1   Item 17, Column 3:

Add at the end:

“TSB Group Plc, being the corporation formed or incorporated under that name in the United Kingdom”.

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 19 December 1995.

2. Statutory Rules 1985 No. 67 as amended by 1985 Nos. 233, 263, 299, 311, 336, 337, 338 and 376; 1986 Nos. 10, 11, 12, 13, 21, 23, 24, 44, 92, 107 and 116; 1987 Nos. 26, 126, 127 and 208; 1988 Nos. 323 and 379; 1989 Nos. 4 and 64; 1990 Nos. 345 and 469; 1991 Nos. 21, 57, 92, 120, 225, 278, 279 and 292; 1992 Nos. 102, 302, 359 and 416; 1993 No. 259; 1994 Nos. 97, 207, 308, 331, 385 and 431; 1995 Nos. 4, 106, 143, 238, 355 and 380.