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BANKING REGULATIONS 1966 - NOTES

- made under the Banking Act 1959

Statutory Rules 1966 No. 157 as amended

This compilation was prepared on 25 November 2011
taking into account amendments up to SLI 2011 No. 224

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra


Contents

Part 1                           Preliminary                                                                 

                        1       Name of Regulations [see Note 1]                                    3

                        2       Interpretation                                                                   3

                        3       Banking business: purchased payment facilities               5

                        4       Banking business: credit card issuing and acquiring         6

Part 2                           Financial claims scheme                                        

                    4AA       Support that is not external support                                 7

                      4A       Clearance period                                                             7

                        5       Financial claims scheme -- limit on payments                  7

                        6       Payment of entitlements to certain kinds of accounts by APRA        8

                        7       Recovery of overpayments                                              8

                        8       Liquidator must admit debt or claim                                 9

                        9       Payment of distributions to certain kinds of accounts by liquidator   9

                       10       Disclosure of information by APRA or liquidator to ADI regarding establishment of account  9

Notes                                                                                                          11

 


   

Notes to the Banking Regulations 1966

Note 1

The Banking Regulations 1966 (in force under the Banking Act 1959) as shown in this compilation comprise Statutory Rules 1966 No. 157 amended as indicated in the Tables below.

Table of Instruments

Year and
number

Date of notification
in Gazette or FRLI registration

Date of
commencement

Application, saving or
transitional provisions

1966 No. 157

18 Nov 1966

18 Nov 1966

 

2000 No. 114

15 June 2000

15 June 2000

--

2003 No. 185

23 July 2003

23 July 2003

--

2008 No. 222

3 Nov 2008 (see F2008L04286)

28 Nov 2008

--

2008 No. 280

18 Dec 2008 (see F2008L04660)

19 Dec 2008

--

2010 No. 53

25 Mar 2010 (see F2010L00739)

26 Mar 2010

--

2010 No. 233

22 July 2010 (see F2010L02123)

27 July 2010 (see r. 2)

--

2011 No. 224

24 Nov 2011 (see F2011L02422)

25 Nov 2011

--

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted

Provision affected

How affected

Part 1

 

Heading to Part 1.................

ad. 2008 No. 280

R. 1.........................................

rs. 2000 No. 114

R. 2.........................................

rs. 2000 No. 114; 2003 No. 185

 

am. 2008 No. 280; 2011 No. 224

R. 3.........................................

ad. 2000 No. 114

R. 4.........................................

ad. 2003 No. 185

Part 2

 

Heading to Part 2.................

ad. 2008 No. 280

R. 4AA....................................

ad. 2010 No. 53

 

am. 2010 No. 233

R. 4A.......................................

ad. 2008 No. 280

R. 5.........................................

ad. 2008 No. 222

 

rs. 2011 No. 224

R. 6.........................................

ad. 2008 No. 280

R. 7.........................................

ad. 2008 No. 280

R. 8.........................................

ad. 2008 No. 280

R. 9.........................................

ad. 2008 No. 280

R. 10.......................................

ad. 2008 No. 280

 


 



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