Commonwealth Banks Regulations (Amendment) (Cth)

Statutory Rules

1977 No. 88

REGULATIONS UNDER THE COMMONWEALTH BANKS ACT 1959.*

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 Commonwealth Banks Act 1959.

Dated this eighth day of June, 1977.

A R. CUTLER

Administrator.

By His Excellency’s Command,

Minister of State for Aboriginal Affairs for and on behalf of the Treasurer.

Amendments of the Commonwealth Banks Regulations

Interpretation.

1. Regulation 4 of the Commonwealth Banks Regulations is amended by omitting from sub-regulation (1) the definition of “ authorized dealer in the short-term money market ” and substituting the following definition:—

“ ‘ authorized dealer in the short-term money market ’ has the same meaning as in the Banking (Savings Banks) Regulations;”.

Prescribed manners of investment.

2. Regulation 11 of the Commonwealth Banks Regulations is amended—

(a) by inserting in paragraph (b), before the word “ loan ”, the word “ secured ”; and

(b) by omitting from paragraph (b) the words “ upon the security of securities issued by the Commonwealth ”.

 

* Notified in the Australian Government Gazette on 15 June 1977.

  Statutory Rules 1960, No. 4 as amended by Statutory Rules 1962, No. 48; 1963, Nos. 19 and 71; 1968, No. 51; and 1971, No. 114.

Printed by Authority by the Commonwealth Government Printer

11014/77 Cat. No. —Recommended retail price 10c 14/11.5.1977