Banking (Statistics) Regulations

Legislation au C1962L00092 Regulations Not in force Legislative Instrument

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STATUTORY RULES.

1962. No. 92

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REGULATIONS UNDER THE BANKING ACT 1959.*

I, THE ADMINISTRATOR of the Government of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Banking Act 1959.

Dated this twenty-third

day of September, 1962.

DALLAS BROOKS

Administrator.

By His Excellency’s Command,

Minister of State for Civil Aviation, acting for and on behalf of the Treasurer.

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BANKING (STATISTICS) REGULATIONS.

Citation.

1. These Regulations may be cited as the Banking (Statistics) Regulations.

Repeal.

2. The Banking (Statistics) Regulations (being Statutory Rules 1960, No. 7) are repealed.

Definition.

3. In these Regulations, “the Act” means the Banking Act 1959.

Prescribed dates for trading banks to furnish balance-sheets and statements.

4. For the purposes of sub-section (1.) of section 52 of the Act, the date in each year prescribed in respect of each bank specified in the following table is the date specified in the table opposite to the name of the bank:—

Name of Bank.	Date.
Australia and New Zealand Bank Limited..........................	30th September
The Bank of Adelaide.......................................	30th September
Bank of China............................................	30th June
Bank of New’ South Wales....................................	30th September
Bank of New Zealand.......................................	31st March
The Brisbane Permanent Building and Banking Company Limited..........	31st August
The Commercial Bank of Australia Limited.........................	30th June
The Commercial Banking Company of Sydney Limited.................	30th June
Commonwealth Development Bank of Australia......................	30th June
Commonwealth Trading Bank of Australia..........................	30th June
Comptoir National d’Escompte de Paris...........................	30th June
The English, Scottish and Australian Bank, Limited....................	30th June
The National Bank of Australasia Limited..........................	30th September
The Queensland National Bank Limited............................	30th September

* Notified in the Commonwealth Gazette on 11th October, 1962.

6890/62.—Price 3d. 10/8.8.1962.

Prescribed dates for savings banks to furnish balance-sheets and statements.

5. For the purposes of section 53 of the Act, the date in each year prescribed in respect of each bank specified in the following table is the date specified in the table opposite to the name of the bank:—

Name of Bank.	Date.
Australia and New Zealand Savings Bank Limited.........................	30th September
The Bank of Adelaide Savings Bank Limited............................	30th September
Bank of New South Wales Savings Bank Limited.........................	30th September
C.B.C. Savings Bank Limited......................................	30th June
The Commercial Savings Bank of Australia Limited.......................	30th June
Commonwealth Savings Bank of Australia..............................	30th June
E.S. & A. Savings Bank Limited....................................	30th June
The Hobart Savings Bank.........................................	31st August
Launceston Bank for Savings.......................................	31st August
The National Bank Savings Bank Limited..............................	30th September

Variation of Form A.

6. Form A in the Second Schedule to the Act is varied—

(a) by omitting items 2 and 3 in the column headed “Assets” and inserting in their stead the following items:—

“2. Money at short call overseas

“3. Australian public securities**—

(a) Commonwealth and States—

(i) Treasury bills and Treasury Notes

(ii) Other securities

(b) Local and semi-governmental authorities”;

(b) by inserting after item 5 in that column the following item:—

“5a. Loans to authorized dealers in the short-term money market”; and

“8. Loans (other than loans included in item 5a), advances and bills discounted (after deducting provisions for debts considered bad or doubtful)”.

Variation of Form C.

7. Form C in the Second Schedule to the Act is varied by omitting item 1 in the column headed “Income” and inserting in its stead the following item:-—

“1. Discount and interest—

(a) on loans (other than loans referred to in paragraph (d) of this item), advances and bills discounted

(b) on Commonwealth and State securities—

(i) Treasury bills

(ii) Treasury Notes

(iii) Other securities

(d) on loans to authorized dealers in the short-term money market

(e) on Statutory Reserve Deposit Account with Reserve Bank

(f) other”.

Variation of Form D.

8. Form D in the Second Schedule to the Act is varied—

(a) by omitting item 4 in the column headed “Assets” in Part I. of that Form and inserting in its stead the following item:—

“4. Australian public securities—

(a) Commonwealth and States—

(i) Treasury bills

(ii) Treasury Notes

(iii) Other securities

(b) Local and semi-governmental authorities”;

(b) by inserting after item 5 in that column the following item:—

“5a. Loans to authorized dealers in the short-term money market”;

“8. Loans (other than loans included in item 5a), advances and bills discounted.”; and

(d) by omitting from Part II. of that Form the column heading—

“Loans, advances and bills discounted.”

and inserting in its stead the column heading—

“Loans (other than loans to authorized dealers in the short-term money market), advances and bills discounted”.

Variation of Form G.

9. Form G in the Second Schedule to the Act is varied—

(a) by omitting items 4 and 5 in the column headed “Assets” and inserting in their stead the following items:—

“4. Money at short call overseas

“5. Australian public securities**—

(a) Commonwealth and States—

(i) Treasury bills and Treasury Notes

(ii) Other securities

(b) Local and semi-governmental authorities”;

(b) by inserting after item 7 in that column the following item:—

“7a. Loans to authorized dealers in the short-term money market”; and

“9. Loans (other than loans included in item 7a), advances and bills discounted (after deducting provisions for debts considered bad or doubtful)”.

Variation of Form H.

10. Form H in the Second Schedule to the Act is varied by omitting item 1 in the column headed “Income” and inserting in its stead the following item:—

“1. Discount and interest.—

(a) on loans (other than loans referred to in paragraph (d) of this item), advances and bills discounted

(b) on Commonwealth and State securities—

(i) Treasury bills

(ii) Treasury Notes

(iii) Other securities

(d) on loans to authorized dealers in the short-term money market

(e) other”.

Variation of Form I.

11. Part I. of Form I in the Second Schedule to the Act is varied—

(a) by omitting item 5 in the column headed “Assets” and inserting in its stead the following item:—

“5. Australian public securities§—

(a) Commonwealth and States—

(i) Treasury bills

(ii) Treasury Notes

(iii) Other securities

(b) Local and semi-governmental authorities”;

(b) by inserting after item 6 in that column the following item:—

“6a. Loans to authorized dealers in the short-term money market”; and

“8. Loans (other than loans included in item 6a), advances and bills discounted||—

(a) Housing

(b) Other”.

Interpretation of Forms.

12. In Forms A, C, D, G, H and I in the Second Schedule to the Act (being those Forms as varied by virtue of these Regulations) a reference to authorized dealers in the short-term money market shall be read as a reference to persons—

(i) who, in accordance with arrangements made between the Reserve Bank and those persons, deal in securities issued by the Commonwealth and, for that purpose, borrow money for short periods; and

(ii) whom the Reserve Bank declares, in writing, to be authorized dealers in the short-term money market.

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By Authority: A. j. Arthur, Commonwealth Government Printer, Canberra.

Overview

The Banking (Statistics) Regulations 1962 were enacted to provide a structured approach for collecting and reporting banking statistics under the Banking Act 1959. This legislative instrument was made by the Administrator of the Government of the Commonwealth of Australia, with the advice of the Federal Executive Council, and it addresses the need for standardised reporting dates and formats for balance sheets and statements from various trading and savings banks. By setting specific dates for banks to furnish their financial statements and modifying the forms used in these submissions, the Regulations ensure consistency and comparability of financial data across the banking sector. This helps maintain transparency and aids in the effective monitoring and regulation of the banking industry by the relevant authorities.

Scope and Application

The Banking (Statistics) Regulations 1962, made under the Banking Act 1959, establish specific requirements for trading banks and savings banks in Australia to furnish balance-sheets and statements on prescribed dates, which vary by bank. These regulations apply to identified banks and savings banks, mandating them to provide their balance sheets and statements by the dates specified in the regulations, such as 30th September for many banks and 31st March for some others. The regulations also modify various forms (A, C, D, G, H, and I) to include new categories of assets and income, particularly focusing on money at short call overseas, Australian public securities, and loans to authorized dealers in the short-term money market. Additionally, the regulations specify that references to authorized dealers in the short-term money market in the amended forms refer to persons who deal in Commonwealth securities and are declared by the Reserve Bank to be authorized dealers in the short-term money market. These regulations apply nationally and do not include specific exclusions or exemptions beyond those banks listed.

Key Provisions

The Banking (Statistics) Regulations, made under the Banking Act 1959, primarily specify the dates by which various banks must furnish their balance sheets and statements (regs. 4 and 5). For instance, Australia and New Zealand Bank Limited, The Bank of Adelaide, and Bank of New South Wales are required to submit their balance sheets and statements by 30th September each year. The Regulations also modify the forms (A, C, D, G, H, and I) in the Second Schedule to the Act to reflect these changes, particularly in terms of asset classification and income sources (regs. 6 to 11). For example, Form A now includes an item for "Loans to authorized dealers in the short-term money market" and removes certain previous items. These Regulations impose clear obligations on the banks listed, mandating them to submit their financial statements by the specified dates each year. The definitions and modifications to the forms (regs. 6 to 11) require banks to adjust their reporting methods to align with the updated criteria, such as categorising assets and income sources as per the new specifications. This includes recognising specific types of loans and securities, and omitting or modifying certain items in the prescribed forms. Failure to comply with these Regulations may lead to civil or criminal consequences, although the specific penalties are not detailed within the Regulations themselves. Generally, non-compliance with statutory requirements under the Banking Act 1959 could result in enforcement actions by relevant authorities, potentially including fines or other penalties as prescribed by the Act or other relevant legislation. The exact penalties would depend on the nature and severity of the breach, as well as any additional provisions or regulations that may apply.

Area of Law: Commercial Law
Instrument: Regulation
Concepts: Definitions & Interpretation; Reporting & Disclosure Obligations; Regulatory Standards

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.

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