{"id":"bank-of-western-australia-ltd-provision-of-information-regulations-1995","name":"Bank of Western Australia Ltd (Provision of Information) Regulations 1995","slug":"bank-of-western-australia-ltd-provision-of-information-regulations-1995","collection":"regulation","jurisdiction":"wa","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":174088,"registerId":"wa-bank-of-western-australia-ltd-provision-of-information-regulations-1995-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Bank of Western Australia Ltd (Provision of Information) Regulations 1995","content":"![Crest]()Western Australia\n\nBank of Western Australia Act 1995\n\nBank of Western Australia Ltd (Provision of Information) Regulations 1995\n\n- **Reprinted under the *Reprints Act 1984* as**\n- **at 2 July 2004**\n\n\nWestern Australia\n\nBank of Western Australia Ltd (Provision of Information) Regulations 1995\n\nContents\n\n1. Citation 1\n\n2. Prescribed information under section 22 1\n\n3. Prescribed returns under section 22 2\n\nNotes\n\nCompilation table 3\n\nDefined terms\n\n  \n\n- Crest **Reprinted under the *Reprints Act 1984* as**\n- **at 2 July 2004**\n\n\nWestern Australia\n\nBank of Western Australia Act 1995\n\nBank of Western Australia Ltd (Provision of Information) Regulations 1995\n\n##### 1. Citation\n\nThese regulations may be cited as the *Bank of Western Australia Ltd (Provision of Information) Regulations 1995* 1.\n\n##### 2. Prescribed information under section 22\n\n(1) The information that the Treasurer may request the Bank to give for the purposes of section 22 of the Act is —\n\n(a) the funding requirements of the Bank for a specified period and the manner in which those requirements are to be met;\n\n(b) any factors known to the Bank that might materially affect —\n\n(i) the ability of the Bank to meet those funding requirements; or\n\n(ii) the liquidity of the Bank,\n\nduring the specified period;\n\n(c) such further information as the Treasurer may request by way of explanation or amplification of information referred to in paragraph (a) or (b);\n\n(d) the amount of the financial obligations of the Bank guaranteed under section 20 of the Act as at a specified day;\n\n(e) action taken or to be taken by the Bank during a specified period to reduce the financial obligations referred to in paragraph (d) including those arising from wholesale debt that is undated or has a term of 3 years or more at the day of privatisation; and\n\n(f) information and reports in respect of prudential matters given to the Reserve Bank of Australia during a specified period under the *Banking Act 1959* of the Commonwealth.\n\n(2) In subregulation (1) —\n\n  specified day means a day specified by the Treasurer in a notice given to the Bank under section 22;\n\n  specified period means a period not exceeding 12 months specified by the Treasurer in such a notice.\n\n##### 3. Prescribed returns under section 22\n\nThe Treasurer may request the Bank to give information to the Treasurer as to its —\n\n(a) operating results;\n\n(b) financial position; and\n\n(c) cash flows,\n\neach time the Bank publishes a half‑yearly or annual report, together with such notes as are necessary to explain the information.\n\nNotes\n\n1 This is a compilation of the *Bank of Western Australia Ltd (Provision of Information) Regulations 1995*. The following table contains information about those regulations and any reprint.\n\nCompilation table\n\n| **Citation** | **Gazettal** | **Commencement** |\n| --- | --- | --- |\n| *Bank of Western Australia Ltd (Provision of Information) Regulations 1995* | 29 Dec 1995 p. 6277‑8 | 29 Dec 1995 |\n| **Reprint 1: The *Bank of Western Australia Ltd (Provision of Information) Regulations 1995* as at 2 Jul 2004** | | |\n\n\nDefined terms\n\n*[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]*\n\n**Defined term Provision(s)**\n\nspecified day 2(2)\n\nspecified period 2(2)\n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"summary":{"complexity_score":1,"scope_assessment":{"changed":false,"description":"Scope cannot be assessed as the legislative text is entirely unavailable. No comparison between original intent and final form is possible."},"complexity_factors":["No legislative text is available to analyse — the page returns a 404-equivalent error","Cannot assess definitional complexity, cross-references, or technical provisions","Historical context (1995 privatisation era) adds minor interpretive complexity but cannot be confirmed without the text"],"plain_english_summary":"These 1995 regulations set out how Bank of Western Australia Ltd (BankWest) was to provide information—likely to government bodies, regulators or the public—around the time of its privatisation. They governed disclosure and information‑sharing obligations tied to the bank’s status and transactions.\n\nToday they are almost certainly repealed or spent and have been superseded by subsequent laws and ownership changes; obtain the original text from the WA Parliamentary Counsel’s Office if needed."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"These regulations do not alter the underlying scope of section 22 of the Act. They prescribe the specific categories of information and the timing for requests — including a cap on the specified period (up to 12 months) and linkage to the Bank’s half‑yearly and annual reports (regs 2 and 3)."},"complexity_factors":["Narrow, prescriptive list of information to be supplied (reg 2(1)(a)–(f))","Treasurer’s discretion to set a specified day and a specified period (reg 2(2)) limits timing but grants choice to the Treasurer","Ability for the Treasurer to request further explanation or amplification increases possible scope of responses (reg 2(1)(c))","Cross‑references to other statutes (section 22 of the Act; Banking Act 1959 for RBA reports — reg 2(1)(f)) require coordination with external reporting","Returns timed to the Bank’s published half‑yearly/annual reports and requiring explanatory notes can impose recurring compliance tasks (reg 3)"],"plain_english_summary":"These regulations set out the specific financial and prudential information the Treasurer can require from the Bank of Western Australia under section 22 of the Bank of Western Australia Act 1995. They list funding needs, liquidity risks, guaranteed obligations, prudential reports to the Reserve Bank, and require the Bank’s operating results, financial position and cash flows (with explanatory notes) each time it issues its half‑yearly or annual report. The Bank must supply the information; the Treasurer specifies timing (a day or a period up to 12 months)."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The regulations remain tightly focused on their original purpose: establishing the specific information disclosure requirements for the privatised Bank of Western Australia. There is no evidence of scope creep; the instrument contains only the essential operational details needed to give effect to section 22 of the parent Act."},"complexity_factors":["Only 3 regulations total, with minimal text","Just 2 defined terms ('specified day' and 'specified period')","No cross-references to other legislation except the parent Act (Bank of Western Australia Act 1995) and a single mention of the Commonwealth Banking Act 1959","Simple list structure in regulations 2 and 3 with no nested conditions or exceptions","Straightforward temporal limitation (12 months maximum for specified periods)"],"plain_english_summary":"These regulations set out what financial information the Western Australian Treasurer can demand from the Bank of Western Australia (BankWest) after it was privatised.\n\n**What it does:**\n- **Gives the Treasurer oversight powers** over the privatised bank by specifying exactly what financial data the bank must hand over when asked.\n- **Covers two main types of requests:**\n  1. **Ad-hoc information** (Regulation 2): The Treasurer can ask for details about the bank's funding needs, risks to its liquidity, government guarantees still in place, and any reports the bank has given to the Reserve Bank of Australia about prudential (financial safety) matters.\n  2. **Regular returns** (Regulation 3): Every time the bank publishes its half-yearly or annual report, the Treasurer can demand copies of its operating results, financial position, and cash flow statements.\n\n**Who it affects:**\n- **Bank of Western Australia Ltd** (now known as BankWest) — it must comply with these information requests.\n- **The Western Australian Treasurer** — has the power to request this information under the parent Act.\n\n**Why it matters:**\nWhen the WA government sold off the state-owned bank in 1995, it wanted to keep an eye on the bank's financial health because the government had guaranteed some of the bank's debts. These regulations make sure the government can monitor whether those guarantees are at risk and whether the bank remains financially stable, protecting taxpayers from potential liabilities."}},"importantCases":[],"_links":{"self":"/api/acts/bank-of-western-australia-ltd-provision-of-information-regulations-1995","history":"/api/acts/bank-of-western-australia-ltd-provision-of-information-regulations-1995/history","analysis":"/api/acts/bank-of-western-australia-ltd-provision-of-information-regulations-1995/analysis","conflicts":"/api/acts/bank-of-western-australia-ltd-provision-of-information-regulations-1995/conflicts","importantCases":"/api/acts/bank-of-western-australia-ltd-provision-of-information-regulations-1995/important-cases","documents":"/api/acts/bank-of-western-australia-ltd-provision-of-information-regulations-1995/documents"}}