BANKING (SAVINGS BANKS) REGULATIONS (AMENDMENT) 1986 NO. 303 

BANKING (SAVINGS BANKS) REGULATIONS (AMENDMENT) 1986 NO. 303 
- TABLE OF PROVISIONS

1. Principal Regulations  
2. Investment of funds of savings banks  
3. Schedule  


1986 No. 303 BANKING (SAVINGS BANKS) REGULATIONS (AMENDMENT)
- REG 1
Principal Regulations


  1. In these Regulations, "Principal Regulations" means the Banking (Savings
Bank) Regulations.


1986 No. 303 BANKING (SAVINGS BANKS) REGULATIONS (AMENDMENT)
- REG 2
Investment of funds of savings banks


  2. Regulation 5 of the Principal Regulations is amended-
  (a)  by omitting paragraph (2) (f) and substituting the following
paragraph:
     "(f)  bills of exchange (other than cheques) drawn by, promissory notes
issued by, and debentures, stock and bonds issued or guaranteed by, an
authority (not being a prescribed bank) of the Commonwealth or of a State or
Territory;"; and
  (b)  by omitting sub-regulation (2A).


1986 No. 303 BANKING (SAVINGS BANKS) REGULATIONS (AMENDMENT)
- REG 3
Schedule


  3. (1) The Schedule to the Principal Regulations is amended-
  (a)  by omitting "A.M.P. Discount Corporation Limited"; and
  (b)  by inserting in its proper alphabetical position in that Schedule "PP
Discount Limited".
  (2) Sub-regulation (1) shall be deemed to have come into operation on 30
July 1985.
  (3) The Schedule to the Principal Regulations is amended-
  (a)  by omitting "AUC Discount Limited"; and
  (b)  by inserting in its proper alphabetical position in that Schedule
"Holst Discount Limited".
  (4) Sub-regulation (3) shall be deemed to have come into operation on 16
July 1985.
  (5) The Schedule to the Principal Regulations is amended-
  (a)  by omitting "Capel Court Securities Limited"; and
  (b)  by inserting in its proper alphabetical position in that Schedule "GIO
Securities Limited".
  (6) Sub-regulation (5) shall be deemed to have come into operation on 9
October 1985.
  (7) The Schedule to the Principal Regulations is amended-
  (a)  by omitting "Delfin Discount Company Limited"; and
  (b)  by inserting in its proper alphabetical position in that Schedule
"Colonial Mutual Discount Company Limited".
  (8) Sub-regulation (7) shall be deemed to have come into operation on 27
August 1984.
  (9) The Schedule to the Principal Regulations is amended-
  (a)  by omitting "National Discount Corporation Limited"; and
  (b)  by inserting in its proper alphabetical position in that Schedule "NDC
Securities Limited".
  (10) Sub-regulation (9) shall be deemed to have come into operation on 2
December 1985.


- NOTES


1986 No. 303*1* BANKING (SAVINGS BANKS) REGULATIONS*2* (AMENDMENT)



*1* Notified in the Commonwealth of Australia Gazette on 21 October 1986.
*2* Statutory Rules 1960 No. 6 as amended by 1962 No. 58; 1963 No. 80; 1966
No. 69; 1970 No. 167; 1974 No. 155; 1977 Nos. 63, 86, 87 and 196; 1978 No.
160; 1982 No. 206; 1984 No. 168.