Statutory Rules

1979 No. 61

REGULATIONS UNDER THE TRADE PRACTICES ACT 1974¹

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

          Dated this fifth day of April 1979.

                                                                                                                           ZELMAN COWEN

                                                                                                                           Governor-General

          By His Excellency’s Command,

WAL. FIFE

Minister of State for Business and Consumer Affairs

_______________

AMENDMENTS OF THE TRADE PRACTICES (REMOVAL OF
EXCEPTIONS) REGULATIONS²

                Removal of exception-paragraph 51 (1) (b) of the Act

                Regulation 3 of the Trade Practices (Removal of Exceptions) Regulations is amended–

                (a)    by inserting in sub-regulation (1) “other than a terminating building society” after “a prescribed society”; and

               (b)    by adding at the end of sub-regulation (3) the following definition:

“terminating building society” means a building society that is, by virtue of a provision in the rules or other document constituting the society or governing its activities, to cease to exist on a day specified in, or ascertained in accordance with, the rules or other document or on the occurrence of an event so specified or ascertained.”.

NOTES

1.       Notified in the Commonwealth of Australia Gazette on 11 April 1979.

2.       Statutory Rules 1975 No. 191.