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Commonwealth Banks Amendment Act 1984

No. 76 of 1984

TABLE OF PROVISIONS
PART I—PRELIMINARY
Section
        1. Short title
        2. Commencement
PART II—AMENDMENTS OF COMMONWEALTH BANKS ACT 1959
        3. Principal Act
        4. Repeal of section 4 and substitution of new section—
               4. Interpretation
        5. Repeal of sections 10, 20 and 21
        6. Repeal of section 23 and substitution of new section—
               23. Deputy Secretary may attend meeting of Board
        7. Disclosure of pecuniary interests of members
        8. Repeal of section 27 and substitution of new section—
               27. The Commonwealth Bank
        9. General functions of Commonwealth Bank
        10. Powers of Commonwealth Bank
        11. Repeal of sections 30 and 31 and substitution of new sections—
               30. Capital
               31. Reserve Fund
        12. Repeal of section 32 and substitution of new section—
               32. Profits of Commonwealth Bank
        13. Repeal of sections 33, 34, 35 and 36 and substitution of new sections—
               35. Management of Commonwealth Bank
               36. Commonwealth Bank to pay share of expenses of Corporation
        14. Amalgamation of other banks with Commonwealth Bank
TABLE OF PROVISIONS—continued
Section
        15. Powers of Savings Bank
        16. Insertion of new section—
               42a. Share capital
        17. Repeal of section 44 and substitution of new section—
               44. Profits of Savings Bank
        18. Repeal of sections 45, 46 and 47 and substitution of new section—
               47. Management of Savings Bank
        19. Repeal of section 68 and substitution of new section—
               68. Power to insure homes
        20. Repeal of sections 78, 79 and 80 and substitution of new section—
               80. Management of Development Bank
        21. Repeal of section 95 and substitution of new section—
               95. Appointment of persons holding tertiary qualifications
        22. Repeal of section 117 and substitution of new section—
               117. Guarantee by Commonwealth
        23. Repeal of section 119 and substitution of new section—
               119. Taxation
        24. Audit
        25. Further amendments
        26. Person holding an office of General Manager
PART III—AMENDMENTS OF INCOME TAX ASSESSMENT ACT 1936
        27. Principal Act
        28. Repeal of section 24a
        29. Insertion of new section—
               160abb. Rebate in respect of certain payments by the Commonwealth Savings Bank of Australia
        30. Amendment of assessments

PART IV—AMENDMENT OF RE-ESTABLISHMENT AND EMPLOYMENT ACT 1945

        31. Principal Act
        32. Arrangement with banks, States and State authorities

PART V—AMENDMENT OF OTHER ACTS

        33. Amendment of Acts

SCHEDULE 1
FURTHER AMENDMENTS OF COMMONWEALTH BANKS ACT 1959

SCHEDULE 2
AMENDMENT OF ACTS

Commonwealth Banks Amendment Act 1984

No. 76 of 1984

An Act to amend the Commonwealth Banks Act 1959 and for related purposes

[Assented to 25 June 1984]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

PART I—PRELIMINARY

Short title
1. This Act may be cited as the Commonwealth