Statutory Rules
1974 No. 155
REGULATION UNDER THE BANKING ACT 1959-1973.*
I, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulation under the Banking Act 1959-1973.
Dated this eleventh day of September, 1974.
JOHN R. KERR
Governor-General.
By His Excellency’s Command,
FRANK CREAN
Treasurer.
Amendments of the Banking (Savings Banks) Regulations†
Investment of funds of savings banks.
Regulation 5 of the Banking (Savings Banks) Regulations is amended—
(a) by omitting from sub-regulation (3) the word “sixty” and substituting the word “fifty”;
(b) by omitting from sub-regulation (3a) the word “forty” and substituting the word “fifty”; and
(c) by omitting from sub-regulation (4) the word “ten” and substituting the words “seven and one-half”.
* Notified in the Australian Government Gazette on 12 September 1974.
† Statutory Rules 1960, No. 6, as amended by Statutory Rules 1962, No. 58; 1963, No. 80; 1966, No. 69; and 1970, No. 167.