Statutory Rules 1981 No. 250¹

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Trade Practices (Removal of Exceptions) Regulations² Amendment

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

            Dated 27 August 1981.

                                                                                                          ZELMAN COWEN

                                                                                                            Governor-General

     By His Excellency’s Command,

JOHN MOORE

Minister of State for Business and Consumer Affairs

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

            Regulation 3 of the Trade Practices (Removal of Exceptions) Regulations is amended by omitting sub-regulation (1) and substituting the following sub-regulation:

            “(1)      For the purposes of section 51 of the Act, a requirement by a prescribed society other than—

                (a)    a terminating building society; or

               (b)    a co-operative housing society within the meaning of the Co-operation Act 1923 of the State of New South Wales,

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.”.

1.       Notified in the Commonwealth of Australia Gazette on 4 September 1981.

2.       Statutory Rules 1975 No. 191 as amended by 1979 No. 61.