STATUTORY RULES.
1926. No. 159.
REGULATIONS UNDER THE COMMONWEALTH BANK ACT 1911-1925.
I, THE GOVERNOR-GENERAL, in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following amendment under the Commonwealth Bank Act 1911-1925, to come into operation forthwith.
Dated this fifteenth day of November, 1926.
STONEHAVEN,
Governor-General.
By His Excellency’s Command,
T. W. GLASGOW,
for the Treasurer.
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Amendment of the Regulations under the Commonwealth Bank Act 1911-1925.
Regulation No. 9 is amended by omitting sub-regulation (2) and inserting in its stead the following sub-regulation:—
“Except as hereinafter provided, every officer shall subscribe to the Superannuation Fund and Fidelity Guarantee Fund in terms of the rules of the respective funds:
“Provided that any officer joining the service of the Bank after 1st May, 1926, who is a contributor to the Commonwealth Superannuation Fund established under the Superannuation Act 1922-1924, shall not, so long as he continues his contributions to the Commonwealth Superannuation Fund, be compelled to subscribe to the Bank’s Superannuation Fund:
“Provided further that, if any such officer elects to contribute to the Bank’s Superannuation Fund, he shall not be permitted to contribute to it for more than 9 years and 364 days unless he has withdrawn from the Commonwealth Superannuation Fund established under the Superannuation Act 1922-1924.”
Printed and Published for the Government of the Commonwealth of Australia by H. J. Green, Government Printer for the State of Victoria.
C.16809.—Price 3d.