Commonwealth Consolidated Acts

BANKING ACT 1959 - SECT 9B

             (1)  If APRA is satisfied that a body corporate that has been granted a section 9 authority:

                     (a)  has ceased to exist; or

                     (b)  has changed its name;

APRA must cause notice of that fact to be published in the Gazette . APRA may also cause notice of that fact to be published in any other way it thinks appropriate.

             (2)  If the body corporate has ceased to exist, its section 9 authority is taken to be revoked on publication of the notice in the Gazette .

             (3)  If the body corporate has changed its name, its section 9 authority has effect after the publication of the notice in the Gazette as if it had been granted to the body under its changed name.