1Commonwealth Bank Regulations

STATUTORY RULES.

1953. No. 105

Image unavailable in extracted textREGULATIONS UNDER THE COMMONWEALTH BANK ACT 1945-1953.*

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 1945-1953.

Dated this thirtieth

day of November , 1953.

W. J. Slim

Governor-General.

By His Excellency’s Command,

Signature of A.W. Fadden

Treasurer.

Image unavailable in extracted textCommonwealth Bank Regulations.

Citation.

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

Commencement.

2. These Regulations shall come into operation on the third day of December, One thousand nine hundred and fifty-three.

Repeal.

3. The Commonwealth Bank Regulations (comprising Statutory Rules 1945, No. 128; Statutory Rules 1946, No. 188; Statutory Rules 1947, No. 131; Statutory Rules 1951, Nos. 41 and 88; and Statutory Rules 1952, Nos. 16 and 112) are repealed.

Interpretation.

4.—(1.) In these Regulations, “the Act” means the Commonwealth Bank Act 1945-1953.

(2.) In these Regulations, a reference to a form by letter shall be read as a reference to the form so lettered in the Schedule to these Regulations.

Office hours.

5. Branches and agencies of the Commonwealth 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.

Image unavailable in extracted text6. The Commonwealth Bank may require a person who wishes to transact banking business with the Bank to furnish to the Bank particulars of his name, address and 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 , 1953.

5167.—Price 5d. 10/26.11.1953.

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

7. The Commonwealth Bank shall not be under a liability by reason of its 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 an account, to deal with a 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.