Document ID: chunk:federal_register_of_legislation:C2025C00165:front:0:p1
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Banking Act 1959

No. 6, 1959

Compilation No. 68

Compilation date: 21 February 2025

                Includes amendments: Act No. 14, 2025

About this compilation

This compilation

This is a compilation of the Banking Act 1959 that shows the text of the law as amended and in force on 21 February 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part I—Preliminary
1 Short title
2 Commencement
2A Main objects of this Act
4 Repeal
5 Interpretation
6 Application of Act
6A Cessation of application of Act to Territory
6B Application of Criminal Code
Part II—Provisions relating to the carrying on of banking business
Division 1—Authority to carry on banking business
7 Person other than a body corporate must not carry on banking business
8 Only the Reserve Bank and bodies corporate that are ADIs may carry on banking business
9 Authority to carry on banking business
9AA Conditions on an authority
9AB Breach of authority conditions
9A Revocation of authority etc.
9B Bodies that cease to exist or change their names
9C Publication of list of ADIs
9D Authority to carry on banking business for a limited time
9E Authority to carry on banking business in Australia for a limited time—extension
9F Authority to carry on banking business in Australia for a limited time—continuation after expiry
10 APRA to be supplied with certain documents
11 APRA may determine that