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reserve bank act 1959

By on Dec 1, 2020 in Uncategorized |

������������������������������������ The Treasurer may, by notice published in the Gazette, declare that, on a date specified in the notice, this Act shall cease to extend to an external Territory specified in the notice, and, on and after the date specified in such a notice, this Act does not extend to the Territory so specified and a reference in this Act, other than this section, to a Territory does not include a reference to the Territory so specified. amended Act means the Australian Prudential Regulation Authority Act 1998 as in force after the commencement of the amendments. Financial Sector Reform (Amendments and Transitional Provisions) Act 1998 (No. (f)�������������������������� The Banking Legislation Amendment Act 1922 was amended by Schedule 3 (item 7) only of the Statute Law Revision Act 1996, subsection 2(3) of which provides as follows: ������������������������������������ (3)�� Each item in Schedule 3 is taken to have commenced when the Act containing the provision amended by the item received the Royal Assent. ������������������������ (6)�� In this section: ���������������������������������������� (a)�� a staff member of the Reserve Bank Service; or. NOTIFICATION. A resolution is taken to have been passed at a meeting of the Reserve Bank Board if: (a)  the Reserve Bank Board has determined: (i)  that resolutions may be passed in accordance with this section; and, (ii)  the method of indicating agreement with a resolution passed in accordance with this section; and, (b)  without meeting, a majority of the members indicate agreement with the resolution in accordance with the method determined by the Reserve Bank Board; and, (c)  the majority would have constituted a quorum at a meeting of the Reserve Bank Board; and. (b)  a tax, fee, duty, levy or charge specified in a notice signed by the Minister and published in the Gazette. Compilation date: �������������������������������������������������������� 14 April 2015, Includes amendments up to:���������������������� Act No. (1) In this section: "court" includes a tribunal, authority or person having the power to require the production of documents or the answering of questions. ������������������ (7C)�� A person commits an offence if the person fails to comply with a condition imposed under subsection (7A). The person appointed must be an APRA member or an APRA staff member. For more information on any uncommenced amendments, see the series page on ComLaw for the compiled law. ������������������������ (2)�� The oath or affirmation of allegiance: ���������������������������������������� (a)�� is to be in accordance with the form set out in the Schedule to the Constitution; and. Section 36AB - Power of Reserve Bank to appoint additional Directors If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation ���(md)��� added to the details of the amendment included in the amendment history. The Bank is not liable to taxation under any law of a State or of a Territory to which the Commonwealth is not subject and the income of the Bank is not liable to income tax under a law of the Commonwealth. = repealed and substituted. ������������������������������������ The Governor is the Chair of the Payments System Board. 193, 1992; No. Legislation history and amendment history���Endnotes 3 and 4. (b)  the Payments System Board’s policy has effect as if it were modified to remove the inconsistency. ���������������������������������������� (c)�� the economic prosperity and welfare of the people of Australia. ������������������������ (3)�� The Payments System Board is responsible for the Bank���s payments system policy (see section 10B). ������������������������������������ The Bank shall not issue bills or notes (other than Australian notes) intended for circulation as money. ���������������������������������������� (e)�� fails to comply with his or her obligations under subsection 18A(3); the Treasurer shall terminate his or her appointment. 107, 1997; No. 54, 1998; No. The Governor‑General may make regulations, not inconsistent with this Act, prescribing all matters which by this Act are required or permitted to be prescribed, or which are necessary or convenient to be prescribed for carrying out or giving effect to this Act or for the conduct of business by the Bank and, in particular, prescribing penalties not exceeding 10 penalty units for offences against the regulations. (b)    The Reserve Bank Act 1959 was amended by section 153 only of the Public Service Reform Act 1984, subsection 2(4) of which provides as follows: (4)   The remaining provisions of this Act shall come into operation on such day as is, or on such respective days as are, fixed by Proclamation. ������������������������ (1)�� The Reserve Bank Board shall consist of: ���������������������������������������� (c)�� the Secretary to the Department of the Treasury; and. That section applies to the member because of section 7A of this Act. 54, 1998. the Bank or the Reserve Bank means the Reserve Bank of Australia. The Reserve Bank Act 1959 as shown in this compilation comprises Act No. ������������������������ (2)�� The Reserve Bank Board may grant to a member leave of absence from a meeting of the Reserve Bank Board. Reserve Bank Act 1959. ���������������������������������������� (d)�� there has been no substantial change in the nature or composition of the interest since the disclosure. ������������������������ (1)�� The Secretary may, by writing, nominate a specified person who is an SES employee or acting SES employee in the Department to attend a particular meeting, or all meetings, of the Reserve Bank Board at which the Secretary is not present. In this Act, unless the contrary intention appears: (a) the Commonwealth Bank, the Commonwealth Development Bank of Australia Limited or the Commonwealth Bank Officers Superannuation Corporation; or. (c)  the member is absent, except on leave of absence granted by the Payments System Board, from: (i)  2 or more consecutive meetings of the Payments System Board; or, (ii)  3 or more meetings of the Payments System Board in any period of 12 months; or. 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