Commonwealth Banks Regulations (Amendment) (Cth)

Statutory Rules 1984 No. 3071

Commonwealth Banks Regulations2

(Amendment)

I, THE GOVERNOR-GENERAL 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 18 October 1984.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

(sgd) Paul Keating

Treasurer

Repeal of regulation 3

1. Regulation 3 of the Commonwealth Banks Regulations is repealed.

Heading to Part II

2. The heading to Part II of the Commonwealth Banks Regulations is amended by omitting “TRADING” and substituting “COMMONWEALTH”.

Interpretation

3. Regulation 5 of the Commonwealth Banks Regulations is amended by omitting “Trading” and substituting “Commonwealth”.

Secrecy

4. Regulation 34 of the Commonwealth Banks Regulations is amended by omitting from sub-regulation (1) “Trading” and substituting “Commonwealth”.

5. Regulation 35 of the Commonwealth Banks Regulations is repealed and the following regulation substituted:

Borrowing by officers

“35. The amount of $12,000 is prescribed for the purposes of sub-section 111 (3) of the Act.”.

_________________________________________________________________________

S.R. 255/84 Cat. No.  Recommended retail price 40c 11/4.9.1984

  

Prescribed form of financial statements

6. Regulation 36 of the Commonwealth Banks Regulations is amended by omitting sub-regulation (1) and substituting the following sub-regulation:

“(1) Subject to sub-regulation (2), for the purposes of paragraph 121 (1) (b) of the Act—

(a) Form B is the prescribed form in respect of the Corporation;

(b) Forms A and B in the Second Schedule to the Banking Act 1959 are prescribed in respect of the Commonwealth Bank and the Development Bank; and

(c) Forms B and G in the Second Schedule to the Banking Act 1959 are prescribed in respect of the Savings Bank.”.

The Schedule

7. The Schedule to the Commonwealth Banks Regulations is amended—

(a) by omitting from Form A “Trading”;

(b) by omitting Form B and substituting the following form:

FORM B Sub-regulation 36 (1)

Commonwealth Banks Act 1959

COMMONWEALTH BANKING CORPORATION

BALANCE SHEET AS AT 30 JUNE1

Liabilities	$’000	Assets	$’000
Premises revaluation reserve	Cash at bankers
Provision for long service leave	Loans to authorized dealers in the Australian short-term money market
Provision for income tax
Other provisions	Australian public securities2
Other liabilities	(a) Commonwealth and States
(i) Treasury bills and Treasury notes;
(ii) Other securities;
(b) Local and semi-governmental authorities
Other public securities2
Other securities2
Premises and sites2 All other assets
TOTAL	TOTAL

STATEMENT OF INCOME AND EXPENDITURE FOR YEAR ENDED 30 JUNE1

Expenses (including depreciation on premises)	Reimbursements for expenses receivable from Commonwealth Bank, Commonwealth Savings Bank and Commonwealth Development Bank, earnings on investments and other receipts
Income tax expense
TOTAL	TOTAL

1. Insert year.

2. State whether valuation is cost price, market price or otherwise.

; and

(c) by omitting Forms C, D and E.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 26 October 1984.

2. Statutory Rules 1960 No. 4 as amended by 1962 No. 48; 1963 Nos. 19 and 71; 1968 No. 51; 1971 No. 114; 1977 No. 88.

Printed by Authority by the Common wealth Government Printer