Building Societies Acts Amendment Act of 1967 (Qld)

23 ANNO SEXTO DECIMO ELIZABETHAE SECUNDAE REGINAE No. 7 of 1967 An Act to Amend " The Building Societies Acts, 1886 to 1958," in certain particulars [ASSENTED TO 23RD MARCH, 1967] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. (1) Short title . This Act may be cited as " The Building Societies Acts Amendment Act of 1967." (2) Principal Art. " The Building Societies Acts, 1886 to 1958," are in this Act referred to as the Principal Act. (3) Collective title . The Principal Act and this Act may be collectively cited as " The Building Societies Acts, 1886 to 1967."

24 Building Societies Acts Amendment Act of 1967, No. 7 2. Repeal of and new s. 20 . The Principal Act is amended by repealing section twenty and inserting in its stead the following section- " [20.] Minors . Unless otherwise provided by the rules, any person who is a minor shall subject to this Act be eligible to be a member of a Registered Society. A minor who is a member of a Registered Society- (a) may execute all instruments and give all necessary acquittances (which instruments and acquittances shall be binding and sufficient in law for all purposes); (b) shall not be eligible to hold office in the Registered Society. A member of the Registered Society shall not at any time be entitled on any ground relating to his infancy or former infancy to avoid any of his obligations or liabilities as a member of the Registered Society or under any security given by him to the Registered Society." 3. Amendment of s. 26 (3). Subsection (3) of section twenty-six of the Principal Act is amended by omitting the words " three years' income " and inserting in their stead the words " four years' income ". 4. Amendment of s. 34. Section thirty-four of the Principal Act is amended by omitting the words " and such account and statement shall be published in the Gazette and in one newspaper generally circulating in the locality in which the chief office of the Society is situated and every member, depositor and creditor shall be entitled " and inserting in their stead the words " and a copy of such account and statement shall be sent by post to every member not less than seven days before the annual or other general meeting at which it is to be presented and any depositor or creditor shall be entitled." 5. Amendments in relation to decimal currency . The Principal Act is amended in accordance with the Schedule to this Act. THE SCHEDULE [Section (5)] AMENDMENTS IN RELATION TO DECIMAL CURRENCY Provision amended Omit I Insert Section three Section fifteen Section sixteen Section 34A- subsection (5) seven guineas three guineas one shilling .. fourteen dollars seventy cents six dollars thirty cents ten cents one hundred pounds two hundred dollars two pounds four dollars

Building Societies Acts Amendment Act of 1967, No. 7 25 THE SCHEDULE- continued [Section (5)] AMENDMENTS IN RELATION TO DECIMAL CURRENCY- continued Provision amended Omit Insert Section 34s- (a) subsection (2) (b) subsection (3) Section forty-two Section forty-three Section forty-five-sub- section (1) twenty pounds twenty pounds five pounds . . one hundred pounds twenty pounds fifty pounds forty dollars forty dollars ten dollars two hundred dollars forty dollars one hundred dollars