Banks (Shareholdings) Regulations (Amendment) (Cth)

Statutory Rules 1985 No. 2331

Banks (Shareholdings) Regulations

(Amendment)

I, THE ADMINISTRATOR of the Government 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 19 Septmber 1985.

J. A. ROWLAND

Administrator

By His Excellency’s Command,

PAUL KEATING

Treasurer

Principal Regulations

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

Prescribed interests in shares for the purposes of paragraph 8 (9) (d) of the Act

2. Regulation 3 of the Principal Regulations is amended by omitting “Australian Bank Limited” and substituting “the bank specified in column 2 of an item in the Schedule”.

3. Regulation 4 of the Principal Regulations is repealed and the following regulation and schedule are substituted:

Prescribed classes of persons for the purposes of paragraph 8 (9) (d) of the Act

“4.(1) For the purposes of paragraph 8 (9) (d) of the Act, the following class of persons is prescribed in relation to a prescribed interest in a share

 (S.R. 272/85) Cat. No.   10/11.9.1985

of the bank specified in column 2 of an item in the Schedule, namely, persons (other than persons who are exempt persons in relation to the bank) who—

(a) are, for the purposes of sub-section 9 (2) of the Act, to be deemed to be associates of any of the persons (being persons having an interest in one or more voting shares of the bank) specified in column 3 of that item; and

(b) do not have any interest in a share of the bank other than the interest in the shares of the bank that they are to be deemed to have by virtue of sub-section 9 (2) of the Act.

“(2) For the purposes of sub-regulation (1), a person is an exempt person in relation to a bank if—

(a) except where paragraph (b) applies—there is in force—

(i) an exemption given to the person under sub-section (2) of section 10 of the Act from compliance with sub-section (1) of that section in respect of voting shares of the bank; or

(ii) an instrument under sub-section (4) or (5) of that section fixing a percentage for the purposes of that section in its application to the person in respect of the bank; or

(b) where the person is a relevant officer (within the meaning of section 10 of the Act) of a corporation that has an interest in one or more voting shares of the bank—there is in force—

(i) an exemption given under sub-section (2b) of that section in relation to the relevant officers of the corporation in respect of the bank; or

(ii) an instrument under sub-section (5a) of that section by virtue of which a percentage is applicable to the person in respect of the bank.

 

• “SCHEDULE

    Regulations 3 and 4

BANKS AND PERSONS SPECIFIED FOR PURPOSES OF REGULATIONS 3 AND 4

Column 1	Column 2	Column 3
Item No.	Bank	Persons having an interest in one or more voting shares of the bank
1	Australian Bank Limited.....................	Brierley Investments Limited, being the corporation formed or incorporated under that name in New Zealand Compagnie Financiere de Paribas, being the corporation formed or incorporated under that name in France Industrial Equity Limited Lend Lease Corporation Limited Paribas Group Australia Pty. Limited Paribas International, being the corporation formed or incorporated under that name in France Paribas North America, Inc., being the corporation formed or incorporated under that name in the United States of America The Citizens & Graziers' Life Assurance Company Limited The M.L.C. Limited The Mutual Life & Citizens’ Assurance Company Limited
2	CHASE AMP Bank Limited...............	Australian Mutual Provident Society Chase Manhattan Holdings (Australia) Limited, being the corporation formed or incorporated under that name in the United States of America Chase Manhattan Overseas Banking Corporation, being the corporation formed or incorporated under that name in the United States of America The Chase Manhattan Bank N.A., being the corporation formed or incorporated under that name in the United States of America The Chase Manhattan Corporation, being the corporation formed or incorporated under that name in the United States of America”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 20 September 1985.

2. Statutory Rules 1985 No. 67.

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