Revocation of authority to carry on banking business

 

To: EECU Limited ABN 35 087 650 039 (‘the body corporate’)

 

Since:

 

(a)          on 11 December 2019, the body corporate requested APRA in writing, to revoke the authority granted to the body corporate under section 9 of the Act; and

 

(b)          APRA is satisfied that the revocation of the authority would not be contrary to the national interest or the interests of depositors of the body corporate,

 

I, Therese McCarthy Hockey, Executive Director, Banking, under subsection 9A(1) of the Act, REVOKE the authority.

 

This instrument takes effect on 1 March 2020.

 

Dated: 25 February 2020

 

[Signed]

 

Therese McCarthy Hockey [1]

Executive Director

Banking

 

 

 

APRA means the Australian Prudential Regulation Authority.

banking business has the meaning given in subsection 5(1) of the Act.

 

APRA is required to publish this notice in the Gazette.


[1] A delegate of APRA.