Commonwealth Banks Amendment Act 1987 (Cth)

Commonwealth Banks Amendment Act 1987

No. 182 of 1987

table of provisions Section 1. Short title etc. 2. Commencement 3. Insertion of new section: 7a. Assets and liabilities of the Corporation 4. Functions of Commonwealth Banking Corporation Board 5. Insertion of new section: 10. Delegation by Board 6. Differences of opinion on questions of policy 7. Management of the Corporation 8. Insertion of new section: 12a. Delegation by the Managing Director 9. Membership of Board 10. Vacation of office 11. Meetings of Board 12. Disclosure of pecuniary interests of members 13. Vacation of office 14. General functions of Commonwealth Bank 15. Powers of Commonwealth Bank 16. Repeal of section 32 and substitution of new section: 32. Payment of dividends by Commonwealth Bank 17. Management of Commonwealth Bank 18. Repeal of section 36 and substitution of new section: 36. Commonwealth Bank to pay expenses of Corporation 19. General functions of Savings Bank 20. Powers of Savings Bank 21. Management of Savings Bank 22. Savings Bank to pay share of expenses of Corporation 23. Powers of Development Bank

TABLE OF PROVISIONS—continued Section 24. Insertion of new section: 77a. Payment of dividends by Development Bank 25. Management of Development Bank 26. Development Bank to pay share of expenses of Corporation 27. Insertion of new section: 87a. Application of merit principle, prohibition of patronage etc. 28. Repeal of sections 88 and 89 and substitution of new section: 88. Appointment of officers 29. Benefits 30. Repeal of section 112 and substitution of new section: 112. Entitlements of statutory officers 31. Repeal of section 118 and substitution of new section: 118. Accounts and records 32. Taxation 33. Insertion of new sections: 124a. Affixing of seals 124b. Persons dealing with bodies 34. Other amendments 35. Savings