Commonwealth Numbered Acts

BANKING (QUEENSLAND INDUSTRY DEVELOPMENT CORPORATION) AMENDMENT ACT 1995 No. 99 of 1995 - SCHEDULE 1

                                 SCHEDULE 1                    Section 3

AMENDMENT OF THE BANKING ACT 1959 1. Subsection 5(1) (definition of "bank"):
After "includes" insert "the Queensland Industry Development Corporation,". 2.
Subsection 5(1): Insert the following definition:

" 'Queensland Industry Development Corporation' means the body of that name
established under the Queensland Industry Development Corporation Act 1985 of
Queensland and continued in existence under the Queensland Industry
Development Corporation Act 1994 of Queensland;". 3. Subsection 6(1): Omit
"subsections (1A) and (1B),", substitute "subsections (1A), (1B) and (1C),".
4. After subsection 6(1B): Insert:

"(1C) Part II (other than Division 1), Part V and sections 61, 62, 64, 65, 68
and 69 apply to the Queensland Industry Development Corporation. Note: The
matter of State banking in so far as it applies to the Queensland Industry
Development Corporation has been referred to the Parliament of the
Commonwealth by the Parliament of Queensland.".