Commonwealth Numbered Regulations

BANKING (STATISTICS) AMENDMENT REGULATIONS 1999 (NO. 1) 1999 NO. 142 - SCHEDULE 1

(regulation 3)

[1] Regulation 1

substitute

These regulations are the Banking (Statistics) Regulations 1989 .

[2] Regulation 2, after definition of Act

insert

"transferring institution" means a body that is taken, under subitem 7 (3) of Schedule 8 to the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 , to have been given an authority under subsection 9 (3) of the Banking Act 1959 to carry on banking business.

[3] After regulation 6

insert

(1)

This regulation applies to a transferring institution with assets of a value greater than $50,000,000 at any time in a month, including:

(a)

the month in which this regulation commences; and

(b)

the month immediately before this regulation commences.

(2)

For the purposes of paragraph 51 (1) (a) of the Act, the institution must prepare, and give to APRA, a financial statement for the month, in accordance with the form in Schedule 4.

(3)

The statement:

(a)

is to be prepared as at the close of business on the last day of the month; and

(b)

is to be given to APRA no later than 14 days after that day.

[4] Subregulation 7 (1)

omit

regulation 4, 5 or 6

insert

regulation 4, 5, 6 or 6A

[5] After Schedule 3

insert

(regulation 6A)

MONTHLY FINANCIAL STATEMENT
NAME: [ name of transferring financial institution ]
MONTH: [ month to which financial statement relates ]
DATE PREPARED:

Note
Items 36, 37 and 38 of this statement relate to dealings by a transferring institution with an ADI that was, before the transfer date:
* a special service provider; or
* a credit union or building society; or
* any other financial institution.
The items are to be completed if the transferring institution had borrowings with ADIs of the relevant type in the month to which this statement relates. The items should be completed by reference to the status of the ADI immediately before the transfer date.