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

Minister for Financial Services, Superannuation and Corporate Law

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.

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.