Authority to carry on banking business 2022 – Alex Bank Pty Ltd
Banking Act 1959
To: Alex Bank Pty Ltd ABN 13 627 244 848 (the body corporate) SINCE
- On 7 July 2021 APRA:
(i) under subsection 9(3) of the Banking Act 1959 (the Act), granted the body corporate authority to carry on banking business in Australia for a limited time (the Authority); and
(ii) under paragraph 9AA(1)(a) of the Act, imposed conditions on the Authority (the Authority Conditions); and
B. On 2 November 2022 the body corporate applied in writing to APRA:
(i) under subsection 9(2) of the Act, for an authority to carry on banking business in Australia that is not subject to a time limit; and
(ii) for the Authority Conditions to be revoked, I, Paul Tattersall, a delegate of APRA:
(a) under subsection 9D(6) of the Act, VARY the Authority to remove the time limit that applies to the Authority; and
(b) under paragraph 9AA(1)(b) of the Act, REVOKE the Authority Conditions.
This instrument commences on 21 December 2022. Dated: 19 December 2022
Paul Tattersall
Acting Executive Director Banking Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
banking business has the meaning given in subsection 5(1) of the Act.
Notes
APRA is required to publish this instrument in the Gazette, and may also publish this instrument in any other way that APRA considers appropriate.
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