EXPLANATORY STATEMENT
STATUTORY RULES 1984 NO. 282
ISSUED BY AUTHORITY OF THE ACTING TREASURER
BANKING (STATISTICS) REGULATIONS (AMENDMENT)
On 1 October 1981, the business of The Commercial Banking Company of Sydney Limited was transferred to The National Bank of Australasia Limited, and the business of CBC Savings Bank Limited was transferred to The National Bank Savings Bank Limited. The authorities to carry on banking business in Australia held by The Commercial Banking Company of Sydney Limited and CBC Savings Bank Limited have now been revoked.
Regulations 4 and 5 of the Banking (Statistics) Regulations prescribe dates in respect of which trading and savings banks are required, in pursuance of sections 52 and 53, respectively, of the Banking Act 1959, to furnish balance sheets and other annual statements. These amending Regulations amend regulations 4 and 5 by removing from the tables specifying the banks’ annual balancing dates the names of the two banks whose authorities have been revoked.