Banking Legislation Amendment Act 1986 (Cth)

Banking Legislation Amendment Act 1986

No. 166 of 1986

TABLE OF PROVISIONS

PART I—PRELIMINARY

Section 1. Short title 2. Commencement

PART II—AMENDMENTS OF THE RESERVE BANK ACT 1959

3. Principal Act 4. Repeal of section and substitution of new section— 15. Remuneration of members 5. Governor and Deputy Governor 6. Insertion of new section— 24a. Remuneration of Governor and Deputy Governor 7. Functions of Department 8. Insertion of new section— 65a. Winding up of Rural Credits Department 9. Repeal of Part VI 10. Determination of net profits 11. Repeal of Second Schedule 12. Formal and minor amendments

PART III—AMENDMENTS OF THE BANKING ACT 1959

13. Principal Act 14. Balance-sheets and statements to be furnished by trading banks 15. Additional statements 16. Preparation and delivery of Forms 17. Certain statements to be published in the Gazette SCHEDULE FORMAL AND MINOR AMENDMENTS OF THE RESERVE BANK ACT 1959

Banking Legislation Amendment Act 1986

No. 166 of 1986

An Act to amend the Reserve Bank Act 1959 and the Banking Act 1959

[Assented to 18 December 1986]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

PART I—PRELIMINARY

Short title 1. This Act may be cited as the Banking Legislation Amendment Act 1986.

Commencement 2. (1) Subject to sub-section (2), this Act shall come into operation on the twenty-eighth day after the day on which it receives the Royal Assent. (2) Sections 9, 10 and 11 and Part III shall come into operation on a day to be fixed by Proclamation.

PART II—AMENDMENTS OF THE RESERVE BANK ACT 1959

Principal Act 3. The Reserve Bank Act 19591 is in this Part referred to as the Principal Act.

4. Section 15 of the Principal Act is repealed and the following section is substituted: