Reserve Bank Regulations (Amendment) (Cth)

Statutory Rules 1998No. 188 1

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Reserve Bank Regulations2 (Amendment)

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Reserve Bank Act 1959.

Dated 30 June 1998.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

IAN CAMPBELL

Parliamentary Secretary to the Treasurer

for the

Treasurer

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1.   Commencement

1.1   These Regulations commence on 1 July 1998.

2.   Amendment

2.1   The Reserve Bank Regulations are amended as set out in these Regulations.

3.   Regulation 3 (Interpretation)

3.1   Subregulation 3 (2):

Omit the subregulation.

4.   Regulation 4 (Declaration of secrecy)

4.1   Omit the regulation, substitute:

Declarations of secrecy

 “4.(1) For section 16 of the Act, Form A in the Schedule is the prescribed form.

 “(2)For paragraph 25E (3) (a) of the Act, Form B in the Schedule is the prescribed form.”.

5.   Regulation 6 (Secrecy)

5.1   Omit the regulation.

6.   Regulation 8 (Financial statements)

6.1   Omit the regulation.

7.   Schedule 1

7.1   Omit the Schedule, substitute:

SCHEDULE

FORM A

Subregulation 4 (1)

DECLARATION OF SECRECY for reserve bank board member

Reserve Bank Act 1959

 I,                             of, a member of the Reserve Bank Board, do solemnly and sincerely declare that I will at all times maintain secrecy in relation to the affairs of the Reserve Bank Board and of the Reserve Bank of Australia and, in particular, that I will not directly or indirectly communicate or divulge any information that comes to my knowledge in the performance of my functions as a member of the Reserve Bank Board, except by authority of the Reserve Bank Board or under compulsion or obligation of law.

[Signature of declarant.]

Declared at [place] on [date] .

Before me,

 Justice of the Peace.

 [or Commissioner for taking Affidavits.]

FORM B

Subregulation 4 (2)

DECLARATION OF SECRECY for payments system board member

Reserve Bank Act 1959

 I,                             of, a member of the Payments System Board, do solemnly and sincerely declare that I will at all times maintain secrecy in relation to the affairs of the Payments System Board and of the Reserve Bank of Australia and, in particular, that I will not directly or indirectly communicate or divulge any information that comes to my knowledge in the performance of my functions as a member of the Payments System Board, except by authority of the Payments System Board or under compulsion or obligation of law.

[Signature of declarant.]

Declared at [place] on [date] .

Before me,

 Justice of the Peace.

 [or Commissioner for taking Affidavits.]

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 June 1998.

2. Statutory Rules 1960 No. 3 as amended by 1962 No. 40; 1963 No. 8; 1966 No. 77; 1967 No. 43; 1969 No. 24; 1984 No. 57; 1990 No. 224.