1Commonwealth Bank Regulations

STATUTORY RULES.

1945. No. 128.

___________

REGULATIONS UNDER THE COMMONWEALTH BANK ACT 1945.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Commonwealth Bank Act 1945.

Dated this twentieth day of August, 1945.

HENRY

Governor-General.

By His Royal Highness’s Command,

J. B. CHIFLEY

Treasurer.

____________

Commonwealth Bank Regulations.

Citation.

1. These Regulations may be cited as the Commonwealth Bank Regulations.

Commencement.

2. These Regulations shall come into operation on the twenty-first day of August, 1945.

Forms.

3. Any reference in these Regulations to a Form shall be read as a reference to a Form in the Schedule to these Regulations.

Office hours.

4. Branches and agencies of the Bank shall be open for the transaction of business on such days and during such hours as the Bank determines.

Information to be furnished by customers.

5. The Bank may require any person wishing to transact any banking business with the Bank to supply the Bank with his name, address, occupation and such other particulars as, in the opinion of the Bank, are necessary to enable the Bank to conduct that business properly.

____________________________________________________________________________

* Notified in the Commonwealth Gazette on 20th August, 1945.

4321.—Price 8d.

Bank not bound to inquire as to manner of operating on accounts, &c.

6. The Bank shall not be under any liability by reason of any failure to ascertain that the method in accordance with which a firm, company, society, local authority, club or other body of persons desires to operate on any account, to deal with any security or to transact any other business with the Bank, is in accordance with any deed, articles, rules or other instrument of the firm, company, society, local authority, club, or body.

Powers of attorney, &c.

7. When any business is to be transacted with the Bank under a power of attorney, probate of a will or letters of administration of an estate, the Bank may require the original power of attorney, probate or letters of administration to be produced to the Bank and may require a copy of the power of attorney, probate or letters of administration to be lodged with the Bank.

Secrecy.

8. An officer, agent or other person carrying on any business of the Bank shall not—