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Banking Amendment Regulations 2010 (No. 1)

Authoritative Version
  • - F2010L00739
  • No longer in force
SLI 2010 No. 53 Regulations as made
These Regulations amend the Banking Regulations 1966 to ensure that a form of support that is entered into the normal course of business is not considered to be external support for the purposes of paragraph 13A(1)(b) of the Banking Act 1959.
Administered by: Treasury
Registered 25 Mar 2010
Tabling HistoryDate
Tabled HR11-May-2010
Tabled Senate11-May-2010
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Banking Amendment Regulations 2010 (No. 1)1

Select Legislative Instrument 2010 No. 53

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Banking Act 1959.

Dated 24 March 2010

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

CHRIS BOWEN

1              Name of Regulations

                These Regulations are the Banking Amendment Regulations 2010 (No. 1).

2              Commencement

                These Regulations commence on the day after they are registered.

3              Amendment of Banking Regulations 1966

                Schedule 1 amends the Banking Regulations 1966.

Schedule 1        Amendment

(regulation 3)

 

[1]           Before regulation 4A

insert

4AA        Support that is not external support

                For subsection 13A (1A) of the Act, a form of support that is entered into in the normal course of business is not to be considered external support for the purposes of paragraph 13A (1) (b) of the Act.

Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.