Federal Register of Legislation - Australian Government

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This gazette
Administered by: Treasury
Published Date 02 Mar 2021


Revocation  of  authority  to  carry  on  banking business

Banking Act 1959


To:    MCU Ltd ABN 52 087 650 995 (the body corporate) SINCE:

A.        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


B.        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, Therese McCarthy Hockey, a delegate of APRA, under subsection 9A(1) of the Banking Act 1959 (the Act), REVOKE the authority.


This instrument commences on 1 March 2021. Dated: 26 February 2021



Therese McCarthy Hockey Executive Director Banking Division



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.



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