25Determination of statutory reserve deposit ratios

25 Determination of statutory reserve deposit ratios

(1) The Commonwealth Bank may, before the commencing date, by instrument in writing served on a trading bank in accordance with the next succeeding subsection, determine that, upon the commencing date, the statutory reserve deposit ratio applicable to the bank shall be such percentage as is specified in the determination. (2) Service of a determination under the last preceding subsection shall be effected: (a) in a case where the percentage specified in the determination is greater than twenty‑five per centum—at least forty‑five days before the commencing date; and (b) in any other case—not later than the day before the commencing date.