Document ID: chunk:federal_register_of_legislation:C2004A04760:body:0:p13
Version: federal_register_of_legislation:C2004A04760
Segment Type: other
Provision Reference: 
Character Range: 30781–33525

days on which, and the hours during which, the non-bank financial institution will be open for business at that place.

     "(2D) A means of communication is a designated means of communication for the non-bank financial institution at a particular place if the notice specifies the means as a means by which communications may be made to the non-bank financial institution at that place.";

  (g) by adding at the end the following subsection:

     "(4) If the notice is varied or revoked, the Gazette notice of the variation or revocation must specify a day as the day on which the variation or revocation takes effect. The specified day must not be earlier than 30 days after the date of the Gazette notice of variation or revocation.".

Insertion of new section

29. After section 109 of the Principal Act the following section is inserted:

Internal presentment of payment orders by non-bank financial institutions—notified places

"109A.(1) The object of this section is to identify notified places for the purposes of the rules about internal presentment of payment orders by non-bank financial institutions.

"(2) A non-bank financial institution may, by written notice, specify a place as a notified place in relation to payment orders for the purposes of this Act. The notice must be given to the eligible authority.

Note: Subsection (6) defines 'eligible authority'.

  "(3) The notice must specify:

  (a) one or more of the following, namely:

        (i) the payment orders in relation to which the place is to be a notified place for the purposes of subsection 106A(1);

        (ii) the payment orders in relation to which the place is to be a notified place for the purposes of subsection 106A(3);

        (iii) the payment orders in relation to which the place is to be a notified place for the purposes of subsection 106A(4); and

     (b) the days on which, and the hours during which, the non-bank financial institution will be open for business at the place.

"(4) If the notice is varied or revoked, the notice of variation or revocation must specify a day as the day on which the variation or revocation takes effect. The specified day must not be earlier than 30 days after the notice of variation or revocation is given to the eligible authority.

"(5) The regulations may make provision for and in relation to the keeping of a register of notices under this section by the eligible authority. In particular, the regulations may make provision for:

     (a) the register to be kept in such form and manner as the eligible authority directs; and

  (b) persons to inspect the register; and

  (c) persons to obtain information contained in the register; and

     (d) fees to be charged by the eligible authority