Revocation of authority to carry on banking business 2025 – Unity Bank Limited

Banking Act 1959                                        

 

To: Unity Bank Limited ABN 11 087 650 315 (the body corporate) SINCE:

  1.             the body corporate, by notice in writing to APRA, has requested the revocation of its section 9 authority to carry on banking business in Australia (the authority); and

 

  1.             I am 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, Jane Magill, a delegate of APRA, under subsection 9A(1) of the Banking Act 1959 (the Act), REVOKE the authority.

 

This instrument commences on 7 May 2025. Dated: 5 May 2025

 

 

 

Jane Magill Executive Director

General Insurance & Banking Division

 

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

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

section 9 authority has the meaning given in subsection 5(1) of the Act.

 

Notes

APRA is required to publish notice of the revocation in the Gazette, and may also publish notice of the revocation in other ways.