BANKS (SHAREHOLDINGS) REGULATIONS (AMENDMENT) 1991 NO. 225 

BANKS (SHAREHOLDINGS) REGULATIONS (AMENDMENT) 1991 NO. 225 
- TABLE OF PROVISIONS

1.    Amendment  
2.    Regulation 6 (Prescribed classes of persons and prescribed interests-paragraph 8 (9) (d) of the Act (certain underwriters))  


1991 No. 225 BANKS (SHAREHOLDINGS) REGULATIONS (AMENDMENT)
- REG 1
1.   Amendment


  1.1   The Banks (Shareholdings) Regulations are amended as set out in these
Regulations.


1991 No. 225 BANKS (SHAREHOLDINGS) REGULATIONS (AMENDMENT)
- REG 2
2.   Regulation 6 (Prescribed classes of persons and prescribed
interests-paragraph 8 (9) (d) of the Act (certain underwriters))


  2.1   After subregulation 6 (2), insert:
  "(2A) For the purposes of paragraph 8 (9) (d) of the Act:
  (a) persons who are underwriters in relation to the issue of shares by the
Commonwealth Bank under its first registered prospectus constitute a
prescribed class of persons; and
  (b) any interest:
  (i) that a person referred to in paragraph (a) has in voting shares of the
Commonwealth Bank in the course of, or arising out of, underwriting that
issue; and
  (ii) that, but for this subregulation, would have the effect that the person
would have an interest in voting shares of the Commonwealth Bank in
contravention of subsection 10A (3) of the Act;
is a prescribed interest.".


- NOTES


1991 No. 225*1* BANKS (SHAREHOLDINGS) REGULATIONS*2* (AMENDMENT)



*1*Notified in the Commonwealth of Australia Gazette on 3 July 1991.
*2*Statutory Rules 1985 No. 67 as amended by 1985 Nos. 233, 263, 299, 311,
336, 337, 338 and 376; 1986 Nos. 10, 11, 12, 13, 21, 23, 24, 44, 92, 107 and
116; 1987 Nos. 26, 126, 127 and 208; 1988 Nos. 323 and 379; 1989 Nos. 4 and
64; 1990 Nos. 345 and 469; 1991 Nos. 21, 57, 92 and 120.