Commonwealth Banks
No. 132 of 1965
An
Act to amend the Commonwealth Banks Act 1959–1963
in relation to Decimal Currency.
[Assented to 18 December, 1965]
BE it enacted by the Queen’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of
Australia, as follows:—
Short
title and citation.
1.—(1.) This Act may be cited as the Commonwealth Banks Act 1965.
(2.) The Commonwealth
Banks Act 1959–1963, as amended by this Act, may be cited as the Commonwealth Banks Act 1959–1965.
Commencement.
2.This
Act shall come into operation on the fourteenth day of February, One thousand
nine hundred and sixty-six.
Interest
on deposits.
3.Section
52 of the Commonwealth Banks Act 1959–1963
is amended by omitting from sub-section (1.) the word “pound” and inserting in
its stead the word “dollar”.
Interest
on deposit in respect of February, 1966.
4.In
respect of the month of February, One thousand nine hundred and sixty-six, the
Commonwealth Savings Bank of Australia may allow on any sum, not being less
than Ten shillings or One dollar, interest in accordance with section 52 of the
Commonwealth Banks Act 1959