New South Wales Consolidated Acts

COMMONWEALTH POWERS (STATE BANKING) ACT 1992 - SECT 6

6 Excluded matters

(1) The reference under section 5 does not include any matter so far as it would confer powers to make provision for or with respect to all or any of the following matters:

(a) prohibiting the Bank (whether specifically or as part of a provision of more general application) from carrying on banking business unless it is in possession of an authority (however described) to do so under a law of the Commonwealth,

(b) granting, suspending, cancelling or otherwise dealing with such an authority in relation to the Bank.

(2) Subsection (1) ceases to have effect on a day to be appointed by proclamation for the purposes of this section.

Note: Section 6 (1) ceased to have effect on 30 June 1994. See proclamation pursuant to section 6 (2) in Gazette No 83 of 24.6.1994, p 3107.