Document ID: chunk:federal_register_of_legislation:C2004A04601:body:0:p3
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any) to which the grant is subject.

"(4) A grant under this section is to be made out of money appropriated by the Parliament for the purpose.".

PART 6—AMENDMENTS RELATING TO SHARES IN THE
COMMONWEALTH BANK HELD BY DEPOSITARIES UNDER
AMERICAN DEPOSITARY RECEIPTS SCHEMES

Object of Part

13. The object of this Part is to allow shares in the Commonwealth Bank to be held by a banking entity that is a depositary under an American Depositary Receipts scheme.

Limitation of shareholdings in Commonwealth Bank

  14. Section 10A of the Banks (Shareholdings) Act 1972 is amended:

  (a) by inserting after subsection (2) the following subsection:

     "(2A) Subject to the regulations, the reference in subsection (1) to an interest in a voting share does not include a reference to an interest that a banking entity has only because the banking entity is a depositary under a scheme known as an American Depositary Receipts scheme.";

  (b) by adding at the end of paragraph (3)(b) "or (2A)".

NOTE

  1. No. 5, 1959, as amended. For previous amendments, see No. 75, 1961; No. 3, 1962; No. 57, 1963; No. 132, 1965; Nos. 58 and 93, 1966; No. 144, 1968; Nos. 117 and 216, 1973; No. 81, 1974; No. 37, 1976; Nos. 36 and 77, 1978; No. 177, 1980; No. 29, 1981; No. 92, 1983; Nos. 63 and 76, 1984; No. 210, 1991; and No. 193, 1992.

[Minister's second reading speech made in—
     House of Representatives on 18 August 1993
     Senate on 27 September 1993]