Banks (Shareholdings) Regulations (Amendment) (Cth)

Statutory Rules 1985 No. 3371

Banks (Shareholdings) Regulations2

(Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Banks (Shareholdings) Act 1972.

Dated 5 December 1985.

N. M. STEPHEN

Governor-General

By His Excellency's Command,

Paul Keating

Treasurer

Principal Regulations

1. In these Regulations, "Principal Regulations" means the Banks (Shareholdings) Regulations.

2. After regulation 4 of the Principal Regulations the following regulation is inserted:

Further prescriptions for the purposes of paragraph 8 (9) (d) of the Act

"5. For the purposes of paragraph 8 (9) (d) of the Act—

(a) an interest in a share of IBJ Australia Bank Limited, being an interest that a person is, by virtue of sub-section 9 (2) of the Act, to be deemed to have by reason that the person is an officer of Town & Country W.A. Building Society, is a prescribed interest in a share; and

(b) the following class of persons is prescribed in relation to an interest in a share of IBJ Australia Bank Limited referred to in paragraph (a), namely, persons (not being persons included in the class of persons prescribed under regulation 4 in relation to a prescribed interest in a share of that bank) each of whom is, for the purposes of sub-section 9 (2) of the Act, to be deemed to be an associate of each of the following corporations, namely—

(i) Town & Country W.A. Building Society; and

(S.R. 351/85)–Cat. No.  11/26.11.1985

 

(ii) Western Australian Development Corporation (being the body corporate established under the Western Australian Development Corporation Act 1983 of the State of Western Australia),

by reason that the person is a director of the corporation.".

Schedule

3. The Schedule to the Principal Regulations is amended by inserting after Item 2a the following item:

"2b IBJ Australia Bank Limited ....	The Industrial Bank of Japan, Limited, being the corporation formed or incorporated under that name in Japan
Western Australian Development Corporation, being the body corporate established under the Western Australian Development Corporation Act 1983 of the State of Western Australia".

NOTES

1. Notified in the Commonwealth of Australia Gazette on 13 December1985.

2. Statutory Rules 1985 No. 67 as amended by Statutory Rules 1985 Nos. 233, 263, 299, 311 and 336.

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