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Home/Legislation/Banking Act 1959/28

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Banking Act 1959

28Restrictions on issuing covered bonds—8% rule

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#### 28 Restrictions on issuing covered bonds—8% rule An ADI must not issue a covered bond if the combined value of assets in cover pools securing covered bonds issued by the ADI would exceed 8%, or such other percentage as is prescribed by the regulations, of the value of the ADI’s assets in Australia.

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Section 28 - Banking Act 1959 - Restrictions on issuing covered bonds—8% rule — Zoe