Financial Institutions Legislation Amendment Bill 1994 (Qld)

Queensland

FINANCIAL INSTITUTIONS LEGISLATION AMENDMENT BILL 1994

Queensland

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FINANCIAL INSTITUTIONS

LEGISLATION AMENDMENT BILL 1994

TABLE OF PROVISIONS

Section Page

onan 11 PART 1—PRELIMINARY Short title 20... ec eee e eee nee 8

Commencement .... 0.0.0.0... eee ccc eee cette 8

PART 2—AMENDMENT OF FINANCIAL INSTITUTIONS (QUEENSLAND) ACT 1992

Act amended .......... 0... eee eee 8 Omission of s 29 (Penalty Units Act does not apply)................-- 8 PART 3—AMENDMENT OF FINANCIAL INSTITUTIONS CODE

Code amended... 1... 0... eee cee eee 9 Amendment of s 3 (Definitions) .............. 0.000.000.0002 eee eee 9 Amendment of s 4 (Interpretation—meaning of "associate")........... 10 Amendment of s 71 (Public office of SSA and inspection of

documents)... 0... 2. eee eee eee 10 Amendment of s 76 (Obtaining evidence).................0...00200. 11 Amendment of s 90 (Appointment of administrator) .................. 11 Amendment of s 97 (Credit Unions Contingency Fund) ............... 11 Insertion of new s 98A .. 6... eee ete teens 12 98A Refunds of contributions ......... 6... cc cece eee eee 12 Amendment of s 103 (Payment out of Credit Unions Contingency

Fund)... 0... eee enn eee nett eee nee eens 12 Insertion of new Sdiv 6A... 1.6... eee eee tte ee 13

Subdivision 64A—Contingency fund agreements 105A SSA may enter into contingency fund agreement............... 13

105B_ Restrictions on entering into contingency fund agreement ....... 13 Financial Institutions Legislation Amendment 1618 21 23 2527313336 105C_ Things for inclusion in contingency fund agreement ............ 14 105D Consequences of entering into contingency fund agreement...... 14 Amendment of s 119 (Acquisition of shares in services corporation) ..... 19 Amendment of s 131 (Members) ..............0...0.0 00002 eee eee 19 Amendment of s 134 (Corporate membership)................000-005 20 Amendment of s 138 (Financial accommodation to, and deposits