Revocation of authority to carry on banking business

Banking Act 1959 (‘the Act’)

To: Bananacoast Community Credit Union Ltd ABN 50 087 649 750 (‘the body corporate’)

Since:

(a)          on 6 June 2019, the body corporate requested APRA in writing, to revoke the authority granted to the body corporate under section 9 of the Act; and

(b)          APRA is 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, Clare Gibney, Acting Executive General Manager, under subsection 9A(1) of the Act, REVOKE the authority.

This instrument takes effect on 1 November 2019.

Dated: 25 October 2019

[Signed]

Clare Gibney[1]

Acting Executive General Manager

Specialised Institutions Division

Interpretation

APRA means the Australian Prudential Regulation Authority.

banking business has the meaning given in subsection 5(1) of the Act.

APRA is required to publish this notice in the Gazette.

[1] A delegate of APRA.