Primary Industry Bank Regulations (Cth)

PRIMARY INDUSTRY BANK REGULATIONS In force under the Primary Industry Bank Act
1977
- Reprinted as at 31 May 1982 (HISTREG CHAP 351 #DATE 31:05:1982)

*1* The Primary Industry Bank Regulations (in force under the Primary Industry

Bank Act 1977) as shown in this reprint comprise Statutory Rules 1978 No. 258
amended as indicated in the Tables below.

Table of Statutory Rules
-----------------------------------------------------------------------------
Date of Application,
saving
Year and notification Date of or transitional
number in Gazette commencement provisions
----------------------------------------------------------------------------- 1978 No. 258 19 Dec 1978 19 Dec 1978
1979 No. 184 21 Sept 1979 21 Sept 1979 -
1980 No. 327 31 Oct 1980 31 Oct 1980 -
1982 No. 28 25 Jan 1982 25 Jan 1982 -
-----------------------------------------------------------------------------
Table of Amendments

ad. = added or inserted am. = amended rep. = repealed rs. = repealed and
substituted
----------------------------------------------------------------------------- Provision affected How affected
----------------------------------------------------------------------------- R. 3 . . . . . . . . . am. 1979 No. 184; 1980 No. 327; 1982 No. 28
-----------------------------------------------------------------------------

PRIMARY INDUSTRY BANK REGULATIONS - TABLE OF PROVISIONS 
TABLE

                             TABLE  OF  PROVISIONS


Regulation

  1.       Citation

  2.       Interpretation

  3.       Prescribed maximum limit and prescribed rate of interest for the

           purposes of sub-section 8 (3) of the Act



                                ----------------

PRIMARY INDUSTRY BANK REGULATIONS - SECT. 1. 
Citation 


  1. These Regulations may be cited as the Primary Industry Bank
Regulations.*1*


See notes to first article of this CHAPTER.

PRIMARY INDUSTRY BANK REGULATIONS - SECT. 2. 
Interpretation 


  2. In these Regulations, "the Act" means the Primary Industry Bank Act 1977.

PRIMARY INDUSTRY BANK REGULATIONS - SECT. 3. 
Prescribed maximum limit and prescribed rate of interest for the purposes of 
sub-section 8 (3) of the Act 


  3. For the purposes of sub-section 8 (3) of the Act-



  (a)  the amounts that may from time to time be lent to the Bank in
accordance with sub-section 8 (2) of the Act shall be limited in the aggregate
to a maximum of $140,400,000; and



  (b)  interest that is to be payable in respect of loans made to the Bank in
accordance with sub-section 8 (2) of the Act shall be at the rate of 9.5 per
cent per annum.