STATUTORY RULES
1966 No. 69
REGULATIONS UNDER THE BANKING ACT 1959-1965.*
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Banking Act 1959-1965.
Dated this nineteenth day of March, 1966.
Governor-General.
By His Excellency’s Command,
(SGD) WILLIAM McMAHON
Treasurer.
Amendments of the Banking (Savings Banks) Regulations†
Investment of the funds of savings banks.
1. Regulation 5 of the Banking (Savings Banks) Regulations is amended—
(a) by omitting from sub-regulation (5.) the words “last two preceding sub-regulations do not apply” and inserting in their stead the words “last preceding sub-regulation does not apply”; and
(b) by omitting from sub-regulation (6.) the words “Two million pounds” and inserting in their stead the words “Four million dollars”.
Persons who may draw cheques on savings banks.
2. Regulation 7 of the Banking (Savings Banks) Regulations is amended by adding at the end thereof the following sub-regulation:—
“(2.) The last preceding sub-regulation does not apply to The Hobart Savings Bank or the Launceston Bank for Savings.”.
Penalties.
3. Regulation 8 of the Banking (Savings Banks) Regulations is amended by omitting the words “One thousand pounds” (wherever occurring) and inserting in their stead the words “Two thousand dollars”.
* Notified in the Commonwealth Gazette on 24 March, 1966.
† Statutory Rules 1960, No. 6, as amended by Statutory Rules 1962, No. 58; and 1963, No. 80.
By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra
784/66.—Price 6d. (5c) 9/21.1.1966