Document ID: chunk:federal_register_of_legislation:F2016L01901:front:0
Version: federal_register_of_legislation:F2016L01901
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Banking Regulation 2016

I, General the Honourable Sir Peter Cosgrove AK MC (Ret'd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 08 December 2016

  Peter Cosgrove
  Governor‑General

By His Excellency's Command

Scott Morrison
Treasurer

Contents
Part 1—Preliminary
1 Name
2 Commencement
3 Authority
4 Schedules
5 Definitions
6 Banking business—purchased payment facilities
Part 2—Financial claims scheme
7 Protected accounts
8 Accounts that are not protected accounts
9 Support that is not external support
10 Clearance period
11 Financial claims scheme—limit on payments
12 Payment of entitlements to certain kinds of accounts by APRA
13 Recovery of overpayments
14 Liquidator must admit debt or claim over the limit
15 Payment of distributions to certain kinds of accounts by liquidator
16 Disclosure of information by APRA or liquidator to ADI regarding establishment of account
Part 3—Unclaimed moneys
Division 1—Specified accounts and conditions
17 Scope of Division
18 Linked accounts
19 Sub accounts
20 Frozen accounts
21 Security, set‑off or escrow accounts
22 Controlled accounts
Division 2—Unclaimed moneys: other matters
23 Accounts to which subsection 69(1) of the Act does not apply
24 Deposits to which subsection 69(1) of the Act do not apply
25 Annual statement of unclaimed moneys
26 Interest payable
Schedule 1—Repeals
Banking Regulations 1966
Banking (Savings Banks) Regulations (Statutory Rules 1960 No. 6)
Banking (Unclaimed Moneys) Regulations 1992 (Statutory Rules 1992 No. 117)
Banking (Unclaimed Moneys) Regulations 1993 (Statutory Rules 1993 No. 378)
Commonwealth Bank (Conversion into Public Company) Regulations (Statutory Rules 1991 No. 56)
Commonwealth Banking Corporation Service Regulations (Statutory Rules 1960 No. 5)
Commonwealth Banks Regulations (Statutory Rules 1960 No. 4)
Papua New Guinea (Transfer of Banking Business) Regulations (Statutory Rules 1974 No. 55)
Proceeds of Crime (Commonwealth Bank of Australia) Regulations (Statutory Rules 1993 No. 328)

Part 1—Preliminary