Treasurer to be supplied with certain doTreasurer to be supplied with certain documents

# Treasurer to be supplied with certain documents 14. Section 10 of the Principal Act is amended by omitting sub-section (4) and substituting the following sub-section: “(4) Sub-section (3) applies in relation to the Australian Resources Development Bank Limited and the Australian Rural Bank Limited as if they were banks specified in the First Schedule. Interpretation 15. Section 17 of the Principal Act is amended by inserting in sub-section (2) “or the Australian Rural Bank Limited” after “the Australian Resources Development Bank Limited”. Advance policy 16. Section 36 of the Principal Act is amended by omitting from sub-section (4) “and the Australian Resources Development Bank Limited” and substituting “, the Australian Resources Development Bank Limited and the Australian Rural Bank Limited”. Interpretation 17. Section 51 of the Principal Act is amended by omitting “and the Australian Resources Development Bank Limited” and substituting “, the Australian Resources Development Bank Limited and the Australian Rural Bank Limited”. 18. After section 63a of the Principal Act the following section is inserted: Alterations in structure or ownership of the Australian Rural Bank require consent of Treasurer “63b. (1) Except with the prior consent in writing of the Treasurer— (a) an allotment of shares in the capital of the Australian Rural Bank Limited shall not be made; (b) a transfer of shares in the capital of the Australian Rural Bank Limited shall not be registered; (c) a reconstruction of the Australian Rural Bank Limited shall not be effected; and (d) an arrangement or agreement for any sale or disposal of the business of the Australian Rural Bank Limited by amalgamation or otherwise, or for the carrying on of its business in partnership with another person, shall not be entered into. “(2) If such an allotment is made, such a registration or reconstruction is effected, or such an arrangement or agreement is entered into, without the prior consent of the Treasurer— (a) the Australian Rural Bank Limited is guilty of an offence punishable, on conviction, by a fine not exceeding Two thousand dollars; and (b) the allotment, registration, reconstruction, arrangement or agreement, and any such sale or disposal in pursuance of the arrangement or agreement, is void and of no effect.