1Banking (restricted word or expression) determination No. 1 of 2015

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Banking (restricted word or expression) determination No. 1 of 2015

Banking Act 1959

 

I, Wayne Stephen Byres, a delegate of APRA:

 

(a)     under subsection 66(5) of the Banking Act 1959 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901, REVOKE Banking (restricted word or expression) determination No. 1 of 2006 made on 18 January 2006 under subsection 66(5) of the Act; and

 

(b)     under subsection 66(5) of the Banking Act 1959 (the Act) DETERMINE that the expression ‘credit co-operative’ is a restricted expression for the purposes of section 66 of the Act.

 

This determination comes into effect on the date of registration on the Federal Register of Legislative Instruments.

 

 

Dated  6  August 2015

 

[Signed]

 

…………………………………

Wayne Stephen Byres

Chair

 

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.