Financial Intermediaries Amendment Regulation (No. 1) 1999 (Qld)

Queensland Subordinate Legislation 1999 No. 128 Financial Intermediaries Act 1996 FINANCIAL INTERMEDIARIES AMENDMENT REGULATION (No. 1) 1999 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Amendment for “QOFS” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Amendment of s 4A (Additional purpose of a society—Act, s 65) . . . . . . . 2 6 Amendment of s 5 (Control of certain financial transactions—Act, 67) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 7 Amendment for s 9 (Resignation of auditors—Act, s 154) . . . . . . . . . . . . . 3 8 Amendment of s 10 (Final audit on merger etc—Act, s 160(2)) . . . . . . . . 3

s1 2 s6 Financial Intermediaries Amendment (No. 1) No. 128, 1999 ˙ Short title 1. This regulation may be cited as the Financial Intermediaries Amendment Regulation (No. 1) 1999 . ˙ Commencement 2. This regulation commences on the day that, under the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (Cwlth), section 3(16), is specified as the transfer date. ˙ Regulation amended 3. This regulation amends the Financial Intermediaries Regulation 1996 . ˙ Amendment for “QOFS” 4.(1) This section amends the following provisions— • section 3 • section 12(2). (2) In the provisions mentioned in subsection (1), ‘QOFS’— omit, insert — ‘the registrar’. ˙ Amendment of s 4A (Additional purpose of a society—Act, s 65) 5. Section 4A(2)— omit, insert — ‘ (2) However, subsection (1) applies for a society only if the society has not raised any funds the repayment of which is guaranteed by the Treasurer.’. ˙ Amendment of s 5 (Control of certain financial transactions—Act, 67) 6. Section 5, from ‘is’—

s7 3 s8 Financial Intermediaries Amendment (No. 1) No. 128, 1999 omit, insert — ‘is a bank.’. ˙ Amendment for s 9 (Resignation of auditors—Act, s 154) 7. Section 9, ‘QOFS’s’— omit, insert — ‘the registrar’s’. ˙ Amendment of s 10 (Final audit on merger etc—Act, s 160(2)) 8.(1) Section 10(1), after ‘report’— insert — ‘for a society’. (2) Section 10(2)— omit . ENDNOTES 1. Made by the Governor in Council on 24 June 1999. 2. Notified in the gazette on 25 June 1999. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1999