Statutory Rules
1978 No. 160
REGULATION UNDER THE BANKING ACT 1959*
I, THE GOVERNOR GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Banking Act 1959.
Dated this twenty-third day of August 1978.
ZELMAN COWEN
Governor-General
By His Excellency’s Command,
Treasurer
AMENDMENTS OF THE BANKING (SAVINGS BANKS) REGULATION†
Investment of funds of savings Banks
Regulation 5 of the Banking (Savings Banks) Regulations is amended—
(a) by omitting from sub-regulation (3) “ 45 per cent ” and substituting “ 40 per cent ”; and
(b) by omitting from sub-regulation (3a) “ 55 per cent ” and substituting “ 60 per cent ”.
* Notified in the Commonwealth of Australia Gazette on 29 August 1978
† Statutory Rules 1960, No. 6 as amended by Statutory Rules 1962, No. 58; 1963, No. 80; 1966, No. 69; 1970, No. 167; 1974, No. 155; and 1977, Nos. 63, 86, 87 and 196.
Printed by Authority by the Commonwealth Government Printer
13664/78—Cat. No. —Recommended retail price 10c 12/4.8.1978