COMMONWEALTH BANKS REGULATIONS - Incorporating all amendments by legislation
made to 28 February 1981
- Reprinted as at 28 February 1981 (HISTREG CHAP 130 #DATE 28:02:1981)
*1* The Commonwealth Banks Regulations (in force under the Commonwealth Banks
Act 1959) as shown in this reprint comprise Statutory Rules 1960 No. 4 as
amended by the other Statutory Rules specified in the following table:
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Date of Application,
saving
Year and notification Date of or
transitional
number in Gazette commencement provisions
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1960 No. 4 11 Jan 1960 14 Jan 1960 (a)
1962 No. 48 29 June 1962 29 June 1962 -
1963 No. 19 7 Mar 1963 7 Mar 1963 -
71 12 Aug 1963 12 Aug 1963 -
1968 No. 51 10 Apr 1968 10 Apr 1968 -
1971 No. 114 26 Aug 1971 26 Aug 1971 -
1977 No. 88 15 June 1977 15 June 1977 -
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(a) Regulation 2 of the Commonwealth Banks Regulations provides as follows:
"2. These Regulations shall come into operation on the day on which the
Commonwealth Banks Act 1959 comes into operation."
Section 2 of the Commonwealth Banks Act 1959 provides as follows:
"2. This Act shall come into operation on the day on which the Reserve
Bank Act 1959 comes into operation."
The Reserve Bank Act 1959 came into operation on 14 January 1960 (see
Gazette 1960, p. 47).
COMMONWEALTH BANKS REGULATIONS - TABLE OF PROVISIONS
TABLE
TABLE OF PROVISIONS
PART I-PRELIMINARY
Regulation
1. Citation
2. Commencement
3. Parts
4. Interpretation
PART II-PROVISIONS RELATING TO THE TRADING BANK, THE
SAVINGS BANK AND THE DEVELOPMENT BANK
5. Interpretation
6. Office hours
7. Information to be furnished by customers
8. Bank not bound to inquire as to manner of operating on accounts,
&c.
9. Powers of attorney, &c.
10. Delivery of bonds, &c., on death
PART III-PROVISIONS RELATING TO THE SAVINGS BANK
11. Prescribed manner of investment
12. Prescribed amount for purposes of section 53 (3) of Act
13. Deposits may be refused in certain cases
14. Joint accounts
15. Trustees
16. Accounts opened by proxies
17. Accounts of local authorities, &c.
18. Authority to operate on account
19. Pass books
20. Production of pass books for inspection
21. False entries in pass books
22. Lost pass books
23. Deposits to be made at office
24. Calculation of interest
25. Withdrawals
26. Deposits by infants
27. Married women's deposits
28. Payment out of deposits not exceeding $1,200
29. Payment on death of illegitimate depositor
30. Insanity or other legal incapacity of depositor
31. Death of depositors
32. Exchange on deposits and withdrawals
PART IV-MISCELLANEOUS
33. Prescribed form of declaration of secrecy
34. Secrecy
35. Prescribed amount of loan
36. Prescribed forms of financial statements
THE SCHEDULE
Forms
COMMONWEALTH BANKS REGULATIONS - SECT. 1.
Citation
PART I-PRELIMINARY
1. These Regulations may be cited as the Commonwealth Banks Regulations.*1*
See notes to first article of this Chapter.
COMMONWEALTH BANKS REGULATIONS - SECT. 2.
Commencement
2. These Regulations shall come into operation on the day on which the
Commonwealth Banks Act 1959 comes into operation.*1*
See notes to first article of this Chapter.
COMMONWEALTH BANKS REGULATIONS - SECT. 3.
Parts
3. These Regulations are divided into Parts, as follows:
Part I-Preliminary (Regulations 1-4)
Part II-Provisions relating to the Trading Bank, the Savings Bank and the
Development Bank (Regulations 5-10)
Part III-Provisions relating to the Savings Bank (Regulations 11-32)
Part IV-Miscellaneous (Regulations 33-36).
COMMONWEALTH BANKS REGULATIONS - SECT. 4.
Interpretation
Sub-reg. (1) amended by 1977 No. 88 r. 1
4. (1) In these Regulations, unless the contrary intention appears-
"authorized dealer in the short-term money market" has the same meaning as
in the Banking (Savings Banks) Regulations;
"branch ", in relation to a bank, includes the head office of the bank;
"the Act" means the Commonwealth Banks Act 1959.
(2) A reference in these Regulations to a form by letter shall be read as a
reference to the form so lettered in the Schedule to these Regulations.
COMMONWEALTH BANKS REGULATIONS - SECT. 5.
Interpretation
PART II-PROVISIONS RELATING TO THE TRADING BANK, THE SAVINGS BANK AND
THE DEVELOPMENT BANK
5. In this Part, "bank" means the Trading Bank, the Savings Bank or the
Development Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 6.
Office hours
6. Branches and agencies of a bank shall be open for the transaction of
business on such days, and during such hours, as the bank determines.
COMMONWEALTH BANKS REGULATIONS - SECT. 7.
Information to be furnished by customers
7. A bank may require a person who wishes to transact banking business with
the bank to furnish to the bank particulars of his name, address and
occupation and such other particulars as, in the opinion of the bank, are
necessary to enable the bank to conduct that business properly.
COMMONWEALTH BANKS REGULATIONS - SECT. 8.
Bank not bound to inquire as to manner of operating on accounts, &c.
8. A bank shall not be under any liability by reason of its failure to
ascertain that the method in accordance with which a firm, company, society,
local authority, club or other body of persons desires to operate on an
account, to deal with a security or to transact any other business with the
bank is in accordance with any deed, articles, rules or other instrument of
the firm, company, society, local authority, club or body.
COMMONWEALTH BANKS REGULATIONS - SECT. 9.
Powers of attorney, &c.
9. When any business is to be transacted with a bank under a power of
attorney, probate of a will or letters of administration of an estate, the
bank may require the original power of attorney, probate or letters of
administration to be produced to the bank and may require a copy of the power
of attorney, probate or letters of administration to be lodged with the bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 10.
Delivery of bonds, &c., on death
Sub-reg. (1) amended by 1968 No. 51 r. 3
10. (1) Where-
(a) a person dies;
(b) any bonds, or securities of a like nature, of a face value not
exceeding in the whole One thousand two hundred dollars are held on his behalf
by a bank; and
(c) within one month after his death, probate of his will or letters of
administration of his estate are not produced to the bank or notice in writing
of the existence of a will and of intention to prove it, or to take out
letters of administration, is not given to the bank,
the bank may, in its discretion, deliver the bonds or securities to the
widower or widow or some relation of that person or to such other person as
the bank, in the circumstances, thinks fit.
(2) A person shall not have any claim against a bank in respect of anything
done in pursuance of this regulation, but this regulation does not operate to
relieve the person receiving the bonds or securities from liability to account
for, or deal with, them in accordance with law.
COMMONWEALTH BANKS REGULATIONS - SECT. 11.
Prescribed manner of investment
PART III-PROVISIONS RELATING TO THE SAVINGS BANK
Amended by 1963 No. 71 r. 1; 1968 No. 51 r. 3; 1977 No. 88 r. 2
11. Each of the following manners of investing money is a prescribed manner
for the purposes of sub-paragraph (viii) of paragraph (c) of sub-section (2)
of section 42 of the Act:
(a) the investment of money in a loan the repayment of which is guaranteed
by, or by a person acting for and on behalf of, the Commonwealth, a State or a
Territory of the Commonwealth;
(b) the investment of money in a secured loan to an authorized dealer in
the short-term money market; and
(c) the investment of money in loans to depositors with the Savings Bank,
being individuals, for the purpose of payment of-
(i) medical, dental, hospital and funeral expenses;
(ii) education expenses;
(iii) expenses of travelling in connexion with employment or in
emergencies;
(iv) expenses of improving and maintaining real property;
(v) municipal rates and water rates; or
(vi) any other essential personal expenses,
but so that the amount on loan at any time to any one depositor does not
exceed Seven hundred and twenty dollars.
COMMONWEALTH BANKS REGULATIONS - SECT. 12.
Prescribed amount for purposes of section 53 (3) of Act
Amended by 1968 No. 51 r. 3
12. For the purposes of sub-section (3) of section 53 of the Act, the
prescribed amount is Twenty dollars.
COMMONWEALTH BANKS REGULATIONS - SECT. 13.
Deposits may be refused in certain cases
13. (1) The Savings Bank may, if it considers that to do so would be in
accordance with established savings-bank practice-
(a) refuse to open an account for a person; and
(b) refuse to continue a person as a depositor.
(2) Where the Savings Bank refuses to continue a person as a depositor, the
Savings Bank shall pay to that person any money standing to the credit of his
account, including accrued interest.
COMMONWEALTH BANKS REGULATIONS - SECT. 14.
Joint accounts
14. Where money has been deposited with the Savings Bank in an account in
the names of two or more persons, the Savings Bank may, on the death of any of
those persons, pay the money standing to the credit of the account to the
survivor or the survivors, and the receipt of the money by the survivor or the
survivors is a good discharge to the Savings Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 15.
Trustees
15. (1) Where money has been deposited with the Savings Bank by a person or
persons in trust for any other person-
(a) the Savings Bank may allow the name of another person, as a trustee, to
be substituted for the name of an existing or deceased trustee;
(b) the Savings Bank may pay any amount standing to the credit of the
account to the trustee or trustees, and the receipt of the money by the
trustee or trustees is a good discharge to the Savings Bank;
(c) the Savings Bank may, on the death of a trustee, pay the money standing
to the credit of the account to the surviving trustee or trustees, and the
receipt of the money by that trustee or those trustees is a good discharge to
the Savings Bank; and
(d) the Savings Bank may, on the death of a sole trustee or the last
surviving trustee, pay the money standing to the credit of the account to the
beneficiary, and the receipt of the money by the beneficiary is a good
discharge to the Savings Bank.
(2) The Savings Bank may, if it thinks fit, before it makes a payment to a
trustee or trustees under the last preceding sub-regulation, require the
consent of the beneficiary.
(3) Where money has been deposited with the Savings Bank by a person or
persons in trust for any other person, a person, other than the trustee or
trustees, shall not have any claim against the Savings Bank in respect of the
money, but this regulation does not operate to relieve the trustee or trustees
from any liability to account for or apply the money in accordance with law.
COMMONWEALTH BANKS REGULATIONS - SECT. 16.
Accounts opened by proxies
16. Where a person opens an account as proxy for another person, the Savings
Bank may withhold the pass book, and refuse to allow withdrawals from the
account, until a specimen of the depositor's signature witnessed by the proxy
or other person approved by the Savings Bank has been received by the Savings
Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 17.
Accounts of local authorities, &c.
17. (1) Where a local authority, company, friendly society, co-operative
society, or any other society, body or club, opens an account with the Savings
Bank, it shall furnish to the Savings Bank through its secretary, treasurer or
other appropriate officer-
(a) an authority in the form required by the Savings Bank specifying the
names of the persons who may operate on the account; and
(b) any information that the Savings Bank requires.
(2) Where a local authority, company, friendly society, co-operative
society, or any other society, body or club, desires to make a change in the
persons authorized to operate on its account, a further authority in the form
required by the Savings Bank shall be furnished to the Savings Bank.
(3) Where the Savings Bank-
(a) pays an amount standing to the credit of an account referred to in
sub-regulation (1) of this regulation to a person whose name is specified in
an authority furnished in relation to the account under this regulation; or
(b) pays a cheque drawn on an account referred to in sub-regulation (1) of
this regulation by a person whose name is specified in an authority furnished
in relation to the account under this regulation,
the receipt of the amount by the person or the payment of the cheque, as the
case may be, is a good discharge to the Savings Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 18.
Authority to operate on account
18. Where a depositor wishes his account with the Savings Bank to be
operated upon by a person other than himself, he may be required to furnish an
authority in accordance with a form determined by the Savings Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 19.
Pass books
19. (1) Where a pass book is issued to a depositor, the pass book remains
the property of the Savings Bank and shall be delivered to the Savings Bank
when required by the Savings Bank.
(2) Whenever a deposit or withdrawal is made in relation to an account for
which a pass book has been issued to a depositor, the pass book shall be
produced to the Savings Bank unless, in its discretion, the Savings Bank
determines otherwise.
COMMONWEALTH BANKS REGULATIONS - SECT. 20.
Production of pass books for inspection
20. (1) A depositor who has been issued with a pass book shall, once in each
year, produce his pass book for examination and verification with the books of
the Savings Bank at such time and place as the Savings Bank determines.
(2) The Savings Bank shall give notice of the times and places at which
depositors' pass books are to be so produced.
COMMONWEALTH BANKS REGULATIONS - SECT. 21.
False entries in pass books
Amended by 1968 No. 51 r. 3
21. A person (not being a person authorized by the Savings Bank to do so)
shall not-
(a) make an entry in a pass book; or
(b) erase or alter an entry in a pass book.
Penalty: One hundred dollars.
COMMONWEALTH BANKS REGULATIONS - SECT. 22.
Lost pass books
22. (1) If a depositor loses his pass book, he shall forthwith give notice
in writing of the loss to the Savings Bank.
(2) If the depositor desires to have a new pass book issued to him, or to
close the account, the Savings Bank may require him-
(a) to make a statutory declaration as to the loss of the pass book;
(b) to satisfy the Savings Bank as to his identity; and
(c) to give an indemnity satisfactory to the Savings Bank.
(3) The Savings Bank may, after the expiration of fourteen days from the
date of receipt by the Savings Bank of the notice of the loss of the pass
book, and subject to compliance with any requirements made under the last
preceding sub-regulation, issue to the depositor a new pass book showing the
amount standing to the credit of the depositor in the records of the Savings
Bank, or pay that amount to him.
COMMONWEALTH BANKS REGULATIONS - SECT. 23.
Deposits to be made at office
23. A depositor shall not have any claim against the Savings Bank in respect
of any deposit unless the deposit was made at some branch or agency of the
Savings Bank during the hours during which the branch or agency was open for
the receipt of deposits.
COMMONWEALTH BANKS REGULATIONS - SECT. 24.
Calculation of interest
24. (1) Interest on deposits shall be calculated in such manner as the
Savings Bank determines.
(2) Interest so calculated shall be credited to the depositors' accounts at
such times as the Savings Bank determines.
COMMONWEALTH BANKS REGULATIONS - SECT. 25.
Withdrawals
25. (1) Before any money standing to the credit of an account is withdrawn,
the Savings Bank may require a withdrawal form to be presented to the Savings
Bank signed by the depositor or other person to whom the money is lawfully
payable.
(2) The money withdrawn may be paid to the person presenting the withdrawal
form, and, if that person is not the depositor or other person to whom the
money is lawfully payable, the receipt of the money by the person presenting
the withdrawal form shall, for all purposes, have the same effect as the
receipt of the money by the depositor or other person to whom the money is
lawfully payable.
(3) A depositor is entitled to withdraw money standing to his credit only
after the expiration of such period (not exceeding one month) after the day on
which the depositor gives notice to the Savings Bank of his intention to
withdraw as the Savings Bank, in the particular case, requires.
COMMONWEALTH BANKS REGULATIONS - SECT. 26.
Deposits by infants
26. (1) The Savings Bank may receive deposits from, or for the use or
benefit of, an infant.
(2) The Savings Bank may pay to an infant who can sign his name any money
standing to the credit of the infant in the Savings Bank in the same manner
and upon the same conditions as are applicable to depositors other than
infants, and the receipt of the money by the infant is a good discharge to the
Savings Bank.
(3) The Savings Bank may pay to the parent or guardian of an infant who
cannot sign his name any money standing to the credit of the infant in the
Savings Bank, and the receipt of the money by the parent or guardian is a good
discharge to the Savings Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 27.
Married women's deposits
27. Every deposit in the name of a woman, whether made before or after her
marriage, shall, as against her husband and any person claiming through or
under him, be deemed to be her separate property and to belong to her in her
own right as if she were unmarried.
COMMONWEALTH BANKS REGULATIONS - SECT. 28.
Payment out of deposits not exceeding $1,200
Sub-reg. (1) amended by 1968 No. 51 r. 3
28. (1) Where-
(a) a person dies leaving money deposited with the Savings Bank to an
amount not exceeding One thousand two hundred dollars; and
(b) within one month after his death, probate of his will or letters of
administration of his estate are not produced to the Savings Bank or notice in
writing of the existence of a will and of intention to prove it, or to take
out letters of administration, is not given to the Savings Bank,
the Savings Bank may, in its discretion, apply the money-
(c) in payment of the funeral expenses of the deceased depositor or in
reimbursing any person who has paid those expenses; and
(d) in payment of the balance to the widower or widow or some relation of
the deceased depositor or to such other person as the Savings Bank, in the
circumstances, thinks fit.
(2) A person shall not have any claim against the Savings Bank in respect of
anything done in pursuance of this regulation, but this regulation does not
operate to relieve the person receiving the money from any liability to
account for or apply the money in accordance with law.
COMMONWEALTH BANKS REGULATIONS - SECT. 29.
Payment on death of illegitimate depositor
29. Where a person, being illegitimate, dies intestate leaving any money
deposited with the Savings Bank, the Savings Bank may pay the money to the
widower or widow or such natural relation of the deceased depositor as, in the
opinion of the Savings Bank, has the best claim to the money, and the receipt
of the money by the person to whom the payment is made is a good discharge to
the Savings Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 30.
Insanity or other legal incapacity of depositor
30. Where a person having any money deposited with the Savings Bank becomes
insane or otherwise becomes a person under a legal incapacity, the Savings
Bank may, if it is satisfied as to the urgency of the case, pay the money
standing to the credit of the depositor to such person as the Savings Bank
thinks proper, and the receipt of the money by that person is a good discharge
to the Savings Bank.
COMMONWEALTH BANKS REGULATIONS - SECT. 31.
Death of depositors
31. The Savings Bank shall not be under any liability by reason of the
withdrawal of, or other dealing with, any money standing to the credit of the
account of a deceased depositor before it has received formal notice of his
death.
COMMONWEALTH BANKS REGULATIONS - SECT. 32.
Exchange on deposits and withdrawals
32. The Savings Bank may require a depositor to pay exchange, at such rate
as the Savings Bank determines, on any amount transferred or remitted from one
place to another, either by way of deposit or withdrawal.
COMMONWEALTH BANKS REGULATIONS - SECT. 33.
Prescribed form of declaration of secrecy
PART IV-MISCELLANEOUS
33. For the purposes of section 15 of the Act, Form A is the prescribed
form.
COMMONWEALTH BANKS REGULATIONS - SECT. 34.
Secrecy
34. (1) In this regulation, "a body to which this regulation applies" means
the Corporation, the Trading Bank, the Savings Bank or the Development Bank.
Amended by 1968 No. 51 r. 3
(2) An officer, agent or other person carrying on any business of a body to
which this regulation applies shall not-
(a) permit a person to have access to, or furnish to a person copies of, or
extracts from, books or papers belonging to, or in the possession of, the
body; or
(b) furnish to a person information relating to the business of the body,
other than, where the body is a bank, information furnished to or on the order
of a customer of the bank in respect of his own matters,
except by direction or authority of the body or under compulsion or obligation
of law.
Penalty: One hundred dollars.
COMMONWEALTH BANKS REGULATIONS - SECT. 35.
Prescribed amount of loan
Substituted by 1971 No. 114
35. For the purpose of section 66 of the Act, the prescribed amount is Nine
thousand dollars.
COMMONWEALTH BANKS REGULATIONS - SECT. 36.
Prescribed forms of financial statements
36. (1) For the purposes of paragraph (b) of sub-section (1) of section 121
of the Act, but subject to the next succeeding sub-regulation-
(a) Form B is the prescribed form in respect of the Corporation;
(b) Form C is the prescribed form in respect of the Trading Bank;
(c) Form D is the prescribed form in respect of the Savings Bank; and
(d) Form E is the prescribed form in respect of the Development Bank.
(2) The Board is not required to include in a financial statement furnished
under section 121 of the Act an item included in a Form referred to in the
last preceding sub-regulation if no amount is applicable to that item.
-----------
COMMONWEALTH BANKS REGULATIONS - SCHEDULE
SCH
THE SCHEDULE
FORM A
Regulation
33
Commonwealth Banks Act
DECLARATION OF SECRECY
I, of , a member of the Commonwealth Banking
Corporation
Board, do solemnly and sincerely declare that I will at all times maintain
secrecy in relation to the affairs of the Board, the Commonwealth Banking
Corporation, the Commonwealth Trading Bank of Australia, the Commonwealth
Savings Bank of Australia and the Commonwealth Development Bank of Australia
and, in particular, that I will not directly or indirectly communicate or
divulge any information that comes to my knowledge in the performance of my
functions as a member of the Board, except by authority of the Board or under
compulsion or obligation of law.
(Signature of
declarant.)
Declared at the day of , 19 .
Before me,
* Strike out whichever is inapplicable.
* Justice of the Peace.
* Commissioner for taking Affidavits.
--------
Amended by 1963 No. 71 r. 2; 1968 No. 51 r. 2
SCH
FORM B
Regulation
36
Commonwealth Banks Act
COMMONWEALTH BANKING CORPORATION
BALANCE-SHEET AS AT 30TH JUNE, .
------------------------------------------------------------------------------
-- Liabilities
$
Deferred liabilities on staff account . . . . . . . . . .
All other liabilities (including amounts provided for
contingencies) . . . . . . . . . . . . . . . . . . . . . .
---------------
Total . . . . . . . . . . . . . . . . . . . . . . . . .
Assets
$
Cash balances . . . . . . . . . . . . . . . . . . . . . . .
Australian public securities*-
(a) Commonwealth and States-
(i) Treasury Bills and Treasury Notes . . . . . . .
(ii) Other securities . . . . . . . . . . . . . . . . .
(b) Local and semi-governmental authorities . . . . . . .
Other public securities* . . . . . . . . . . . . . . . . . .
Other securities* . . . . . . . . . . . . . . . . . . . . .
Loans to authorized dealers in the short-term money market .
Bank premises* . . . . . . . . . . . . . . . . . . . . . . .
All other assets . . . . . . . . . . . . . . . . . . . . . .
--------------
Total . . . . . . . . . . . . . . . . . . . . . . . . . .
------------------------------------------------------------------------------
-- * State basis of valuation, that is, cost price, market price or
otherwise.
STATEMENT OF INCOME AND EXPENDITURE FOR YEAR ENDED 30TH JUNE, .
------------------------------------------------------------------------------
-- $
Expenses . . . . . . . . . .
Taxes, and payments in lieu
of taxes . . . . . . . . . .
Amounts written off bank
premises . . . . . . . . . .
-------
Total . . . . . . . . . .
$
Reimbursements for expenses
receivable from Commonwealth
Trading Bank, Commonwealth
Savings Bank and Commonwealth
Development Bank, earnings on
investments and other receipts
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
--
Amended by 1963 No. 71 r. 3; 1968 No. 51 r. 2
SCH
FORM C
Regulation
36
Commonwealth Banks Act
COMMONWEALTH TRADING BANK OF AUSTRALIA
BALANCE-SHEET AS AT 30TH JUNE, .
------------------------------------------------------------------------------
-- Liabilities
$
Capital . . . . . . . . . .
Commonwealth Trading Bank
Reserve Fund . . . . . . . .
Balances due to other banks
Deposits, bills payable and
all other liabilities
(including amounts provided
for contingencies) . . . . .
-------
Total . . . . . . . . . .
Assets
$
Coin, bullion, notes and cash
at bankers . . . . . . . . . .
Money at short call overseas .
Australian public securities*-
(a) Commonwealth and States-
(i) Treasury Bills and
Treasury Notes . . . . . . . .
(ii) Other securities . .
(b) Local and
semi-governmental authorities
Other public securities* . . .
Other securities* . . . . . .
Loans to authorized dealers in
the short-term money market .
Statutory Reserve Deposit
Account with Reserve Bank . .
Cheques and bills of other
banks and balances with and
due from other banks . . . . .
Loans,+ advances and bills
discounted (after deducting
provisions for debts
considered bad or doubtful) .
Bank premises* . . . . . . . .
Bills receivable and
remittances in transit . . . .
All other assets . . . . . . .
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
-- * State basis of valuation, that is, cost price, market price or
otherwise.
+ Excluding loans to authorized dealers in the short-term money market.
STATEMENT OF PROFIT AND LOSS FOR YEAR ENDED 30TH JUNE, .
------------------------------------------------------------------------------
-- $
Expenses (including
proportion of expenses of
Commonwealth Banking
Corporation attributable to
the Trading Bank) . . . . .
Income and other taxes, and
payments in lieu of taxes .
Balance, being profit
carried down . . . . . . . .
-------
Total . . . . . . . . . .
------------------------------------------------------------------------------
-- Amounts written off bank
premises . . . . . . . . . .
Net profits appropriated as
follows:
Commonwealth
Trading Bank
Reserve Fund $
Commonwealth
of Australia $
-----
-------
Total . . . . . . . . . .
$
Discount and interest earned,
net exchange, commissions and
other items (including
transfers from contingencies
accounts), after deducting
interest paid and accrued on
deposits, rebate on bills
current at balance date,
amounts written off assets and
losses on realization of
assets and transfers to the
credit of contingencies
accounts (out of which
accounts provisions for all
bad and doubtful debts have
been made) . . . . . . . . . .
-------
Total . . . . . . . . . . .
Balance brought down as above
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
--
Amended by 1963 No. 71 r. 4; 1968 No. 51 r. 2
SCH
FORM D
Regulation
36
Commonwealth Banks Act
COMMONWEALTH SAVINGS BANK OF AUSTRALIA
BALANCE-SHEET AS AT 30TH JUNE, .
------------------------------------------------------------------------------
-- Liabilities
$
Commonwealth Savings Bank
Reserve Fund . . . . . . . .
Depositors' balances . . . .
Bills payable and all other
liabilities (including
amounts provided for
contingencies) . . . . . . .
-------
Total . . . . . . . . . .
Assets
$
Coin, bullion and notes . . .
Deposits with Reserve Bank . .
Deposits in Australia with
trading banks . . . . . . . .
Money at short call overseas .
Australian public securities*-
(a) Commonwealth and States-
(i) Treasury Bills and
Treasury Notes . . . . . . . .
(ii) Other securities . .
(b) Local and
semi-governmental authorities
Other public securities* . . .
Other securities* . . . . . .
Loans to authorized dealers in
the short-term money market .
Loans+ and advances (after
deducting provisions for debts
considered bad or doubtful) .
Bank premises* . . . . . . . .
Bills receivable and
remittances in transit . . . .
All other assets . . . . . . .
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
-- * State basis of valuation, that is, cost price, market price or
otherwise.
+ Excluding loans to authorized dealers in the short-term money market.
STATEMENT OF PROFIT AND LOSS FOR YEAR ENDED 30TH JUNE, .
$
Expenses (including
proportion of expenses of
Commonwealth Banking
Corporation attributable to
the Savings Bank) . . . . .
Taxes, and payments in lieu
of taxes . . . . . . . . . .
Balance, being profit
carried down . . . . . . . .
-------
Total . . . . . . . . . .
------------------------------------------------------------------------------
-- Amounts written off bank
premises . . . . . . . . . .
Provisions for settlements
under Savings Bank
Amalgamation Agreements . .
Net profits appropriated
as follows:
Commonwealth
Savings Bank
Reserve Fund $
Commonwealth
of Australia $
-----
-------
Total . . . . . . . . . .
$
Discount and interest earned,
net exchange, commissions and
other items (including
transfers from contingencies
accounts), after deducting
interest paid and accrued on
deposits, rebate on bills
current at balance date,
amounts written off assets and
losses on realization of
assets and transfers to the
credit of contingencies
accounts (out of which
accounts provisions for all
bad and doubtful debts have
been made) . . . . . . . . . .
-------
Total . . . . . . . . . . .
Balance brought down as above
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
-- 25358/80 R80/700 Cat. No. 80 1810 0-Recommended retail price 80c
Amended by 1963 No. 71 r. 5; 1968 No. 51 r. 2
SCH
FORM E
Regulation
36
Commonwealth Banks Act
COMMONWEALTH DEVELOPMENT BANK OF AUSTRALIA
BALANCE-SHEET AS AT 30TH JUNE, .
------------------------------------------------------------------------------
-- Liabilities
$
Capital . . . . . . . . . .
Commonwealth Development
Bank Reserve Fund . . . . .
Balances due to other banks
Deposits, bills payable and
all other liabilities
(including amounts provided
for contingencies) . . . . .
-------
Total . . . . . . . . . .
Assets
$
Coin, bullion, notes and cash
at bankers . . . . . . . . . .
Money at short call overseas .
Australian public securities*-
(a) Commonwealth and
States-
(i) Treasury Bills and
Treasury Notes
(ii) Other securities
(b) Local and
semi-governmental authorities
Other public securities* . . .
Other securities* . . . . . .
Loans to authorized dealers in
the short-term money market .
Cheques and bills of other
banks and balances with and
due from other banks . . . . .
Loans,+ advances and bills
discounted (after deducting
provisions for debts
considered bad or doubtful) .
Bank premises* . . . . . . . .
Bills receivable and
remittances in transit . . . .
All other assets . . . . . . .
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
-- * State basis of valuation, that is, cost price, market price or
otherwise.
+ Excluding loans to authorized dealers in the short-term money market.
STATEMENT OF PROFIT AND LOSS FOR YEAR ENDED 30TH JUNE, .
------------------------------------------------------------------------------
-- $
Expenses (including
proportion of expenses of
Commonwealth Banking
Corporation attributable to
the Development Bank) . . .
Taxes, and payments in lieu
of taxes . . . . . . . . . .
Balance, being profit
carried down . . . . . . . .
-------
Total . . . . . . . . . .
------------------------------------------------------------------------------
-- Amounts written off bank
premises . . . . . . . . . .
Net profits appropriated to
Commonwealth Development
Bank Reserve Fund . . . . .
-------
Total . . . . . . . . . .
$
Discount and interest earned,
net exchange, commissions and
other items (including
transfers from contingencies
accounts), after deducting
interest paid and accrued on
deposits, rebate on bills
current at balance date,
amounts written off assets and
losses on realization of
assets and transfers to the
credit of contingencies
accounts (out of which
accounts provisions for all
bad and doubtful debts have
been made) . . . . . . . . . .
-------
Total . . . . . . . . . . .
Balance brought down as above
-------
Total . . . . . . . . . . .
------------------------------------------------------------------------------
--
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--