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repealed.

Formal and minor amendments
12. The Principal Act is amended as set out in the Schedule.

PART III—AMENDMENTS OF THE BANKING ACT 1959

Principal Act
13. The Banking Act 19592 is in this Part referred to as the Principal Act.

Balance-sheets and statements to be furnished by trading banks
14. Section 52 of the Principal Act is amended by omitting sub-section (2).

Additional statements
15. Section 54 of the Principal Act is amended by omitting sub-section (2).

Preparation and delivery of Forms
16. Section 55 of the Principal Act is amended by omitting from sub-section (1) ", except in the case of a statement prepared by the Reserve Bank,".

Certain statements to be published in the Gazette
17. Section 58 of the Principal Act is amended by omitting from sub-section (2) "and in respect of the Rural Credits Department of the Reserve Bank".
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                    SCHEDULE Section 12
FORMAL AND MINOR AMENDMENTS OF THE RESERVE BANK ACT 1959
Sub-section 4 (2)—
Omit "The last preceding sub-section", substitute "Sub-section (1)".
Sub-section 6a (2)—
Omit "1901-1973", substitute "1901".
Sub-section 7 (1)—
     (a) Omit "sub-section (1) of section 4", substitute "sub-section 4 (1)".
     (b) Omit "1911-1943", substitute "1911".
     (c) Omit "1945-1953", substitute "1945".
Sub-section 11 (7)—
Omit "fifteen", substitute "15".
Sub-section 12 (2)—
Omit "sub-section (1) of section 10", substitute "sub-section 10 (1)".
Paragraph 14 (1) (d)—
Omit "seven", substitute "7".
Sub-sections 14 (2), (3) and (4)—
Omit the sub-sections, substitute the following sub-sections:
"(2) Of the 7 members appointed under paragraph (1) (d), at least 5 shall be persons who are not officers of the Bank or of the Australian Public Service.
"(3) A member appointed under paragraph (1) (d) who is an officer of the Bank or of the Australian Public Service at the time of his or her appointment holds office during the pleasure of the Governor-General.

SCHEDULE—continued

"(4) A member appointed under paragraph (1) (d) who is not an officer of the Bank or of the Australian Public Service—
     (a) shall, subject to sub-section (5), be appointed for a period of 5 years but is eligible for re-appointment; and
     (b) holds office subject to good behaviour.".
Sub-section 14 (5)—
Omit "Public Service of the Commonwealth", substitute "Australian Public Service".
Section 16—
Insert "or her" after "his".
Paragraph 17 (a)—
Omit "paragraph (d) of sub-section (1) of section 14", substitute "paragraph 14 (1) (d)".
Sub-section 18 (1)—
     (a) Omit "paragraph (d) of sub-section (1) of section 14", substitute "paragraph 14 (1) (d)".
     (b) Insert "or her" after "his" (wherever occurring).
Paragraph 18 (1) (d)—
     (a) Omit "two", substitute "2".
     (b) Omit "three", substitute "3".
     (c) Omit "twelve", substitute "12".
Sub-section 18 (2)—
Omit "twelve", substitute "12".
Section 20—
     (a) Omit