Statutory Rules

1977  No. 63

REGULATION UNDER THE BANKING ACT 1959.*

I, THE ADMINISTRATOR of the Government of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Banking Act 1959.

Dated this twenty-sixth day of May, 1977.

A. R. CUTLER

Administrator.

By His Excellency’s Command,

PHILLIP LYNCH

Treasurer.

————

Amendment of the Banking (Savings Banks) Regulations†

Investment of fluids of savings banks.

Regulation 5 of the Banking (Savings Banks) Regulations is amended—

(a) by omitting from sub-regulation (3) the words “ fifty per centum ” and substituting the figures and words “ 45 per cent ”; and

(b) by omitting from sub-regulation (3a) the words “ fifty per centum ” and substituting the figures and words “ 55 per cent ”.

* Notified in the Australian Government Gazette on 27 May 1977.

† Statutory Rules 1960, No. 6 as amended by Statutory Rules 1962, No. 58; 1963, No. 80; 1966, No. 69; 1970 No. 167; and 1974, No. 155.