Document ID: chunk:federal_register_of_legislation:C2004A02639:schedule:12:p5
Version: federal_register_of_legislation:C2004A02639
Segment Type: schedule
Provision Reference: sch 12 (pt 5/42)
Character Range: 14155–16946

18. Section 62b of the Principal Act is amended—
     (a) by inserting after paragraph (1) (a) the following paragraphs:
          "(aa) in any securities of a government authority;
          (ab) on loan to an authorized dealer;";
     (b) by omitting from paragraph (1) (b) "or";
     (c) by inserting after paragraph (1) (b) the following paragraphs:
          "(ba) in certificates of deposit issued by a savings bank or a trading bank;
          (bb) in clean bills of exchange;";
     (d) by adding at the end of sub-section (1) the following word and paragraph:
          "; or (d) in any other form of investment approved by the Minister for the purposes of this sub-section.";
     (e) by omitting from sub-section (2) "securities or deposits taken or" and substituting "investment";
(f) by omitting from sub-section (2) "taken or"; and
(g) by adding at the end thereof the following sub-section:
          "(4) In this section—
          'authorized dealer' means a corporation that is an authorized dealer in the short-term money market as defined by sub-regulation 5 (1) of the Banking (Savings Banks) Regulations as amended and in force from time to time under the Banking Act 1959;
          'clean bill of exchange' means a bill of exchange that—
              (a) has been accepted by a trading bank;
              (b) has been indorsed by a trading bank or trading banks; and

              (c) has not been indorsed by any person other than a trading bank;
          'government authority' means a public authority constituted by or under a law of the Commonwealth, of a State or of a Territory and includes a municipal corporation or other local government body.".

PART VIII—AMENDMENT OF AUSTRALIAN APPLE AND PEAR CORPORATION ACT 1973

Principal Act
19. The Australian Apple and Pear Corporation Act 19737 is in this Part referred to as the Principal Act.

20. Section 17 of the Principal Act is repealed and the following section is substituted:

Deputies of members
"17. (1) The Minister may, if requested by the Corporation so to do, appoint a person recommended by the Corporation to be the deputy of a member other than the Chairman or the member representing the Commonwealth.
"(2) The Minister may appoint a person to be the deputy of the member representing the Commonwealth.
"(3) The Minister may, at any time, revoke the appointment of a person as the deputy of a member and shall revoke such an appointment if the deputy fails, without reasonable excuse, to comply with his obligations under section 22.
"(4) The deputy of a member may resign his office by writing signed by him and delivered to the Minister.
"(5) The deputy of a member is entitled, in the event of the absence of the member from a meeting of the Corporation, to attend that meeting and, when