Document ID: chunk:federal_register_of_legislation:C2004A03877:front:0:p15
Version: federal_register_of_legislation:C2004A03877
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on or after the date of commencement of this section.

Transitional—Depositors' Unclaimed Fund
43. (1) In spite of the repeal of section 53 of the Principal Act effected by this Part, that section continues in force, after the commencement of this section, in relation to:
    (a) money standing to the credit of the Depositors' Unclaimed Fund immediately before the commencement of this section; and
    (b) money that became the absolute property of the Savings Bank before the commencement of this section;
as if that repeal had not been effected.
(2) A reference in section 69 of the Banking Act 1959 to unclaimed moneys does not include a reference to money standing to the credit of the Depositors' Unclaimed Fund immediately before the commencement of this section.

PART IV—AMENDMENT OF THE RESERVE BANK ACT 1959

Principal Act
44. In this Part, "Principal Act" means the Reserve Bank Act 19593.

Profits
45. Section 30 of the Principal Act is amended by omitting "arising from business carried on under this Part".

Repeal of section 33
46. Section 33 of the Principal Act is repealed.

Issue, re-issue and cancellation of notes
47. Section 34 of the Principal Act is amended by omitting from subsection (1) ", through the Note Issue Department".

Repeal of sections 38 to 42 (inclusive)
48. Sections 38 to 42 (inclusive) of the Principal Act are repealed.

Determination of net profits
49. Section 78 of the Principal Act is amended by omitting ", or of the Note Issue Department of the Bank".

Annual reports and financial statements
50. Section 81 of the Principal Act is amended:
    (a) by inserting after paragraph (1) (a) the following paragraph:
         "(aa) a report on any investigations on prudential matters pursuant to section 61 of the Banking Act 1959, including details of persons appointed to investigate and report on such matters; and"; and
    (b) by inserting after subsection (1) the following subsection:
    "(1a) Nothing in this section authorises the Board to furnish a report under paragraph (1) (aa) with respect to the affairs of an individual bank or the affairs of an individual customer of a bank.".

Transitional—net profits of Note Issue Department
51. Notwithstanding anything in the Principal Act, the net profits of the Note Issue Department in the year in which this section commences shall be dealt with in accordance with section 30 of the Principal Act as amended by this Act.

PART V—AMENDMENT OF OTHER ACTS IN CONNECTION WITH THE ABOLITION OF THE DISTINCTION BETWEEN SAVINGS BANKS AND TRADING BANKS

Amendment of Acts
52. The Acts specified in Schedule 4 are amended as set out in that Schedule.

                   SCHEDULE 1 Subsection 23 (1)
SCHEDULE TO BE SUBSTITUTED FOR THE FIRST SCHEDULE TO THE