Trade Practices (Removal of Exceptions) Regulations (Cth)

Trade Practices (Removal of Exceptions) Regulations

Statutory Rules 1975 No. 191 as amended

made under the

Trade Practices Act 1974

This compilation was prepared on 26 May 2004

taking into account amendments up to SR 1984 No. 230

Prepared by the Office of Legislative Drafting,

Attorney-General’s Department, Canberra

Contents

      1Citation [see Note 1]

 These Regulations may be cited as the Trade Practices (Removal of Exceptions) Regulations.

2Commencement

 These Regulations shall come into operation on 1 December 1975.

3Removal of exception – paragraph 51 (1) (b) of the Act

(1)For the purposes of paragraph 51 (1) (b) of the Act, a requirement by a prescribed society that a borrower from the society shall cause insurance to be effected in a State with an insurer, or one of the insurers, specified, nominated or approved by the society shall not be disregarded in determining whether a contravention of a provision of Part IV of the Act has been committed.

(2)

A reference in this regulation to a prescribed society shall be read as a reference to a building society, co-operative society or credit union.

(3)

In this regulation:

building society means a society registered or incorporated as a building society, co-operative housing society or similar society under the law in force in a State or a Territory relating to such societies.

co-operative society means a society registered or incorporated as a co-operative society or similar society under the law in force in a State or a Territory relating to such societies.

credit union means a society or other body of persons:

• (a)

  that is registered or incorporated as a credit union or credit society under the law in force in a State or a Territory relating to credit unions or credit societies; or

• (b)

  the principal business of which consists of borrowing moneys from its members or intended members and lending those moneys to its members and which is incorporated under the law in force in a State or a Territory.

Notes to the Trade Practices (Removal of Exceptions) Regulations

Note 1

The Trade Practices (Removal of Exceptions) Regulations (in force under the Trade Practices Act 1974) as shown in this compilation comprise Statutory Rules 1975 No. 191 amended as indicated in the Tables below.

Table of Statutory Rules

Year and number	Date of notification in Gazette	Date of commencement	Application, saving or transitional provisions
1975 No. 191	1 Oct 1975	1 Dec 1975
1979 No. 61	11 Apr 1979	11 Apr 1979	—
1981 No. 250	4 Sept 1981	4 Sept 1984	—
1984 No. 230	12 Sept 1984	12 Sept 1984	—

Table of Amendments

ad. = added or inserted  am. = amended rep. = repealed rs. = repealed and substituted
Provision affected	How affected
R. 3.........................................	am. 1979 No. 61; 1981 No. 250; 1984 No. 230