Commonwealth legislation

Banking (Statistics) Repeal Regulations 2002

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

125 of 2002

Collection

legislative instrument

Plain English Summary

1/10 complexity

What it does: This regulation is a housekeeping measure that removes old banking statistics reporting rules from the statute books.

Who it affects: Primarily banks and financial institutions that previously had to submit statistical data to the government under old reporting requirements.

Why it matters: Before this regulation, banks were required to report statistics under a series of regulations made between 1989 and 2000. This regulation repeals (cancels) all seven of those old regulations at once, effective 1 July 2002. This typically happens when the government is either:

Replacing old reporting systems with new ones
Removing outdated reporting requirements that are no longer needed
Consolidating rules under a different law

In short: it cleans up old red tape for banks.

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Current sections

Direct links to the current provisions in Banking (Statistics) Repeal Regulations 2002.

Banking (Statistics) Repeal Regulations 2002

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Banking (Statistics) Repeal Regulations 2002

Statutory Rules 2002 No. 1251

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Banking Act 1959.

Dated 6 June 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency's Command

HELEN COONAN

Minister for Revenue and Assistant Treasurer

1 Name of Regulations

These Regulations are the Banking (Statistics) Repeal Regulations 2002.

2 Commencement

These Regulations commence on 1 July 2002.

3 Banking (Statistics) Regulations 1989 — repeal

The following Statutory Rules are repealed:

 1989 No. 357

 1992 No. 396

 1994 No. 417

 1997 No. 24

 1998 No. 198

 1999 No. 142

 2000 No. 115.

Note

1. Notified in the Commonwealth of Australia Gazette on 14 June 2002.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

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Banking (Statistics) Repeal Regulations 2002

Statutory Rules 2002 No. 1251

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Banking Act 1959.

Dated 6 June 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency's Command

HELEN COONAN

Minister for Revenue and Assistant Treasurer

1 Name of Regulations

These Regulations are the Banking (Statistics) Repeal Regulations 2002.

2 Commencement

These Regulations commence on 1 July 2002.

3 Banking (Statistics) Regulations 1989 — repeal

The following Statutory Rules are repealed:

 1989 No. 357

 1992 No. 396

 1994 No. 417

 1997 No. 24

 1998 No. 198

 1999 No. 142

 2000 No. 115.

Note

1. Notified in the Commonwealth of Australia Gazette on 14 June 2002.