Revocation of authority to carry on banking business 2024 – Islamic Bank Australia Pty Ltd
Banking Act 1959
To: Islamic Bank Australia Pty Ltd ABN 37 609 971 280 (the body corporate) SINCE:
- the body corporate, by notice in writing to APRA, has requested the revocation of its section 9 authority to carry on banking business in Australia (the authority); and
B. I am satisfied that the revocation of the authority would not be contrary to the national interest or the interests of depositors of the body corporate,
I, Renée Roberts, a delegate of APRA, under subsection 9A(1) of the Banking Act 1959 (the Act), REVOKE the authority.
This instrument commences on the day it is made. Dated: 1 March 2024
Renée Roberts Executive Director Banking Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
banking business has the meaning given in subsection 5(1) of the Act.
section 9 authority has the meaning given in subsection 5(1) of the Act.
Notes
APRA is required to publish notice of the revocation in the Gazette, and may also publish notice of the revocation in other ways.