Federal Register of Legislation - Australian Government

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Banking exemption No. 2 of 2014

Authoritative Version
No. 2 of 2014 Exemptions as made
This instrumunt revokes Banking exemption No. 1 of 2014.
Administered by: Treasury
Registered 24 Oct 2014
Tabling HistoryDate
Tabled HR27-Oct-2014
Tabled Senate28-Oct-2014
Date of repeal 25 Oct 2014
Repealed by Division 1 of Part 5A of the Legislative Instruments Act 2003

 

 

Banking exemption No. 2 of 2014

 

Banking Act 1959

 

 

SINCE

 

A.                on 13 June 2014 APRA determined by Banking exemption No. 1 of 2014 (the Order) under subsection 11(1) of the Banking Act 1959 (the Act), that subject to conditions, sections 7 and 8 of the Act did not apply to the class of persons described in the attached Schedule for the period specified in the Order; and

B.                 the Order was registered on the Federal Register of Legislative Instruments on 23 June 2014.

 

 

I, Sarah Goodman, a delegate of APRA, under subsection 11(4) of the Act, REVOKE Banking exemption No. 1 of 2014.

 

This order takes effect on the date it is registered on the Federal Register of Legislative Instruments.

 

 

Dated:   13 October 2014

 

[Signed]

 

 

 

Sarah Goodman

Executive General Manager Supervisory Support Division APRA

 

Interpretation                                                                                        Document ID: 214608

In this order

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislative Instruments means the register established under section 20 of the Legislative Instruments Act 2003.

 


Schedule- the class of persons to whom the revoked order applied

 

The revoked order applied to:

 

1.         a person who is a controlling entity of a fund in the list below; and

 

2.         a fund that is a body corporate, or a body corporate that is a controlling entity of a fund, in the list below:

 

        Anglican Funds – South Australia

        Anglican Community Fund (Inc) (previously known as Anglican Deposit Fund Perth (Inc))

        Anglican Development Fund – Gippsland

        Anglican Development Fund (Diocese of Melbourne)

        Anglican Development Fund (Diocese of Tasmania)

        Anglican Development Fund Diocese of Bathurst

        Anglican Financial Services (ANFIN) (Diocese of Brisbane)

        Anglican Investment and Development Fund

        Anglican Managed Investments Fund Diocese of Bathurst

        Anglican Savings and Development Fund Diocese of Newcastle

        Archdiocese of Adelaide – Catholic Development Fund

        Archdiocese of Brisbane – Archdiocesan Development Fund (or The Corporation of the Trustees of the Roman Catholic Archdiocese of Brisbane)

        Archdiocese of Canberra and Goulburn – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Archdiocese of Canberra and Goulburn (ACT) & (NSW))

        Archdiocese of Hobart – Catholic Development Fund

        Archdiocese of Melbourne – Catholic Development Fund

        Archdiocese of Perth – Catholic Development Fund

        Archdiocese of Sydney – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Archdiocese of Sydney)

        Armidale Diocesan Investment Group

        Assemblies of God in Australia Ltd

        Baptist Financial Services Australia Limited

        Catholic Development Fund Diocese of Port Pirie

        Centenary Development Foundation

        Christian Outreach Centre

        Churches of Christ Building Extension Mutual Fund Incorporated

        Diocesan Development Fund – Anglican Diocese of Bendigo

        Diocesan Development Fund (Diocese of Armidale)

        Diocese of Ballarat – Catholic Development Fund

        Diocese of Bathurst – Catholic Development Fund

        Diocese of Broken Bay – Catholic Development Fund (or Trustees of the Roman Catholic Church for the Diocese of Broken Bay)

        Diocese of Bunbury – Catholic Development Fund

        Diocese of Cairns – Catholic Development Fund (or The Roman Catholic Trust Corporation for the Diocese of Cairns)

        Diocese of Darwin – Diocesan Development Fund (or Catholic Church of the Diocese of Darwin Property Trust – Darwin Diocesan Development Fund)

        Diocese of Lismore – Diocesan Investment Fund (or The Trustees of the Roman Catholic Church for the Diocese of Lismore)

        Diocese of Maitland – Newcastle – Catholic Development Fund (or The Trustees of Church Property for the Diocese of Newcastle)

        Diocese of Parramatta – Diocesan Development Fund

        Diocese of Rockhampton – Diocesan Development Fund

        Diocese of Sale – Catholic Development Fund

        Diocese of Sandhurst – Diocesan Development Fund

        Diocese of Toowoomba – Diocesan Development Fund

        Diocese of Townsville – Diocesan Development Fund

        Diocese of Wagga Wagga – Diocesan Provident Fund (or The Trustees of the Roman Catholic Church for the Diocese of Wagga Wagga)

        Diocese of Wollongong – Catholic Development Fund

        EFKS Financial and Investment Services

        Glebe Income Accounts (Anglican Church Diocese of Sydney)

        Lutheran Lay People’s League of Australia Incorporated

        Riverina Anglican Development Fund

        Stewards’ Foundation of Christian Brethren

        Temple Society Australia

        The Baptist Union of Queensland

        The Churches of Christ Property Trust

        The Corporate Trustees of the Diocese of Grafton – Grafton Diocese Investment Fund

        The Properties Corporation of the Churches of Christ

        The Uniting Church in Australia Property Trust (SA)

        The Uniting Church Investment Service

        UCA Funds (incorporating UCA Cash Management Fund Limited, UCA Growth Fund Limited, UCA Funds Management Limited, the Development Fund, The Uniting Church in Australia Property Trust (Victoria) and the Funeral Fund)

        Uniting Church in Australia Synod of Western Australia Uniting Church Investment Fund

        Uniting Financial Services (incorporating The Uniting Church (NSW) Trust Association Limited, The Uniting Church in Australia Property Trust (NSW), the Funeral Fund and the Self– Help Fund)

        Wangaratta Anglican Development Fund

 

Definitions

 

In this Schedule:

 

controlling entity means a person or body corporate who or which is a trustee of, or otherwise concerned in the management of, a fund.