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Trade Practices (Removal of Exceptions) Regulations

Authoritative Version
  • - F1997B02219
  • In force - Superseded Version
  • View Series
SR 1975 No. 191 Regulations as made
Principal Regulations
Administered by: Treasury
General Comments: This instrument was backcaptured in accordance with Section 36 of the Legislative Instruments Act 2003
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s12 item 16
Registered 01 Jan 2005
Gazetted 01 Oct 1975


Commonwealth Coat of Arms of Australia

Statutory Rules

1975 No. 191

REGULATIONS UNDER THE TRADE PRACTICES ACT 1974-1975.*

I, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulations under the Trade Practices Act 1974-1975.

Dated this thirtieth day of September, 1975.

JOHN R. KERR

Governor-General.

By His Excellency's Command,

KEP. ENDERBY

Attorney-General.

 

TRADE PRACTICES (REMOVAL OF EXCEPTIONS) REGULATIONS

Citation.

1. These Regulations may be cited as the Trade Practices (Removal of Exceptions) Regulations.

Commencement.

2. These Regulations shall come into operation on 1 December 1975.

Removal of exception— paragraph 51 (1) (b) of the Act.

3. (1) For the purposes of section 51 of the Act, a requirement by a prescribed society that a borrower from the society shall cause insurance to be effected in a State with an insurer, or one of the insurers, specified, nominated or approved by the society shall not be disregarded in determining whether a contravention of a provision of Part IV of the Act has been committed.

(2) A reference in this regulation to a prescribed society shall be read as a reference to a building society, co-operative society or credit union.

(3) In this regulation—

“ building society ” means a society registered or incorporated as a building society, co-operative housing society or similar society under the law in force in a State or a Territory relating to such societies;

“ co-operative society ” means a society registered or incorporated as a co-operative society or similar society under the law in force in a State or a Territory relating to such societies;

“ credit union ” means a society or other body of persons—

(a) that is registered or incorporated as a credit union or credit society under the law in force in a State or a Territory relating to credit unions or credit societies; or

(b) the principal business of which consists of borrowing moneys from its members or intended members and lending those moneys to its members and which is incorporated under the law in force in a State or a Territory.

 

* Notified in the Australian Government Gazette on 1 October 1975.