Document ID: chunk:federal_register_of_legislation:C2004A03877:front:0:p2
Version: federal_register_of_legislation:C2004A03877
Segment Type: other
Provision Reference: 
Character Range: 3243–6089

39. Repeal of section 77
      40. Insertion of new section:
           78. Crediting of amounts to Commonwealth Development Bank Reserve Fund
      41. Agents etc.
      42. Annual reports and financial statements
      43. Transitional—Depositors' Unclaimed Fund

TABLE OF PROVISIONS—continued

Section

PART IV—AMENDMENT OF THE RESERVE BANK ACT 1959

      44. Principal Act
      45. Profits
      46. Repeal of section 33
      47. Issue, re-issue and cancellation of notes
      48. Repeal of sections 38 to 42 (inclusive)
      49. Determination of net profits
      50. Annual reports and financial statements
      51. Transitional—net profits of Note Issue Department

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

      52. Amendment of Acts

SCHEDULE 1

SCHEDULE TO BE SUBSTITUTED FOR THE FIRST SCHEDULE TO THE BANKING ACT 1959

SCHEDULE 2

AMENDMENTS OF THE BANKING ACT 1959 RELATING TO OFFENCES

SCHEDULE 3

FORMAL AMENDMENTS OF THE BANKING ACT 1959

SCHEDULE 4

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

Banking Legislation Amendment Act 1989

No. 129 of 1989

An Act to amend the law relating to banking

[Assented to 7 November 1989]

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 Banking Legislation Amendment Act 1989.

Commencement
2. (1) The following provisions of this Act commence on the day on which this Act receives the Royal Assent:
Part I, sections 3, 26, 29 to 33 (inclusive), 35, 38 and 40.
(2) Subsection 23 (1) shall be taken to have commenced on 4 May 1989.
(3) Section 39 shall be taken to have commenced on 23 January 1988.
(4) Subject to subsection (5), the remaining provisions of this Act commence on a day or days to be fixed by Proclamation.
(5) If a provision referred to in subsection (4) does not commence within the period of 6 months beginning on the day on which this Act receives the Royal Assent, it commences at the end of that period.

PART II—AMENDMENT OF THE BANKING ACT 1959

Principal Act
3. In this Part, "Principal Act" means the Banking Act 19591.

Interpretation
4. Section 5 of the Principal Act is amended:
    (a) by omitting from subsection (1) the definitions of "savings bank" and "trading bank";
    (b) by inserting in subsection (1) the following definition:
        " 'prudential matters', in relation to a bank, means matters relating to the conduct by the bank of its affairs (whether or not relating to the banking business of the bank):
            (a) in such a way as:
              (i) to keep itself in a sound financial position; and
              (ii) not