Commonwealth Bank Regulations (Amendment) (Cth)

STATUTORY RULES.

1926. No. 159.

REGULATIONS UNDER THE COMMONWEALTH BANK ACT 1911-1925.

I, THE GOVERNOR-GENERAL, in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following amendment under the Commonwealth Bank Act 1911-1925, to come into operation forthwith.

Dated this fifteenth day of November, 1926.

STONEHAVEN,

Governor-General.

By His Excellency’s Command,

T. W. GLASGOW,

for the Treasurer.

———

Amendment of the Regulations under the Commonwealth Bank Act 1911-1925.

Regulation No. 9 is amended by omitting sub-regulation (2) and inserting in its stead the following sub-regulation:—

“Except as hereinafter provided, every officer shall subscribe to the Superannuation Fund and Fidelity Guarantee Fund in terms of the rules of the respective funds:

“Provided that any officer joining the service of the Bank after 1st May, 1926, who is a contributor to the Commonwealth Superannuation Fund established under the Superannuation Act 1922-1924, shall not, so long as he continues his contributions to the Commonwealth Superannuation Fund, be compelled to subscribe to the Bank’s Superannuation Fund:

“Provided further that, if any such officer elects to contribute to the Bank’s Superannuation Fund, he shall not be permitted to contribute to it for more than 9 years and 364 days unless he has withdrawn from the Commonwealth Superannuation Fund established under the Superannuation Act 1922-1924.”

 

Printed and Published for the Government of the Commonwealth of Australia by H. J. Green, Government Printer for the State of Victoria.

C.16809.—Price 3d.