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Banking Act 1965

Authoritative Version
  • - C1965A00127
  • No longer in force
Act No. 127 of 1965 as made
An Act to amend the Banking Act 1959 in relation to Decimal Currency.
Date of Assent 18 Dec 1965
Date of repeal 24 Jun 2014
Repealed by Amending Acts 1901 to 1969 Repeal Act 2014

Banking

No. 127 of 1965

An Act to amend the Banking Act 1959 in relation to Decimal Currency.

[Assented to 18 December, 1965]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.)  This Act may be cited as the Banking Act 1965.

 

(2.)  The Banking Act 1959, as amended by this Act, may be cited as the Banking Act 1959–1965.

Commencement.

2.  This Act shall come into operation on the fourteenth day of February, One thousand nine hundred and sixty-six.

Deposits to be in multiples of $1,000.

3.  Section 27 of the Banking Act 1959 is amended by omitting the word “pounds” (wherever occurring) and inserting in its stead the word “dollars”.

Second Schedule.

4.  The Second Schedule to the Banking Act 1959 is amended by omitting from paragraph 5 of the directions specified in Form D, paragraph 3 of the directions specified in Form E and paragraph 4 of the directions specified in Form I the word “pounds” and inserting in its stead the word “dollars”.