STATUTORY RULES.
1963. No. 71.
REGULATIONS UNDER THE COMMONWEALTH BANKS ACT 1959-1962.*
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Commonwealth Banks Act 1959-1962.
Dated this seventh day of August, 1963.
DE L’ISLE
Governor-General.
By His Excellency’s Command,
Sgd. HAROLD HOLT
Treasurer.
AMENDMENTS OF THE COMMONWEALTH BANKS REGULATIONS.†
Prescribed manner of investments.
1. Regulation 11 of the Commonwealth Banks Regulations is amended—
(a) by omitting from paragraph (a) the word “and” (last occurring); and
(b) by adding at the end thereof the following word and paragraph:—
“;and (c) the investment of money in loans to depositors with the Savings Bank, being individuals, for the purpose of payment of—
(i) medical, dental, hospital and funeral expenses;
(ii) education expenses;
(iii) expenses of travelling in connexion with employment or in emergencies;
(iv) expenses of improving and maintaining real property;
(v) municipal rates and water rates; or
(vi) any other essential personal expenses,
but so that the amount on loan at any time to any one depositor does not exceed Three hundred and sixty pounds.”.
The Schedule—Form B.
2. Form b in the Schedule to the Commonwealth Banks Regulations is amended by omitting the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills
(ii) Other securities
* Notified in the Commonwealth Gazette on 12th August, 1963.
† Statutory Rules 1960, No. 4, as amended by Statutory Rules 1962, No. 48; and Statutory Rules 1963, No. 19.
7072/63.—PRICE 3D. 10/31.7.1963.
(b) Local and semi-governmental authorities”
and inserting in their stead the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills and Treasury Notes
(ii) Other securities
(b) Local and semi-governmental authorities”.
The Schedule—Form c.
3. Form C in the Schedule to the Commonwealth Banks Regulations is amended by omitting the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills
(ii) Other securities
(b) Local and semi-governmental authorities”
and inserting in their stead the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills and Treasury Notes
(ii) Other securities
(b) Local and semi-governmental authorities”.
The Schedule—Form D.
4. Form D in the Schedule to the Commonwealth Banks Regulations is amended by omitting the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills
(ii) Other securities
(b) Local and semi-governmental authorities”
and inserting in their stead the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills and Treasury Notes
(ii) Other securities
(b) Local and semi-governmental authorities”
The Schedule—Form e.
5. Form E in the Schedule to the Commonwealth Banks Regulations is amended by omitting the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills
(ii) Other securities
(b) Local and semi-governmental authorities”
and inserting in their stead the words—
“Australian public securities*—
(a) Commonwealth and States—
(i) Treasury Bills and Treasury Notes
(ii) Other securities
(b) Local and semi-governmental authorities”.
By Authority: A. J. ARTHUR, Commonwealth Government Printer, Canberra.