Document ID: chunk:federal_register_of_legislation:C2006C00145:clause:19_10
Version: federal_register_of_legislation:C2006C00145
Segment Type: clause
Provision Reference: sch 19 cl 10
Character Range: 222552–223061

10  Reserve Bank to repay non‑callable deposits on repeal of Division 3 of Part II
On the repeal of Division 3 of Part II of the Banking Act 1959, the Reserve Bank is to repay to an ADI the amount then standing to the credit of the ADI's Non‑callable Deposit Account. The repayment is to be made as soon as practicable after the repeal takes effect.

Note: Schedule 2 provides for the repeal of the Division. The repeal takes effect on a separate day to be Proclaimed (rather than on the APRA commencement).