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COMMONWEALTH BANKS RESTRUCTURING ACT 1990 - NOTES

Act No. 118 of 1990 as amended

This compilation was prepared on 27 September 2011
taking into account amendments up to Act No. 100 of 2011

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General's Department, Canberra

  

  

  


Contents

Part 1--Preliminary                                                                                                              1

1............ Short title [see Note 1] ........................................................................ 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ....................................................................................... 1

4............ Extension to external Territories .......................................................... 2

5............ Crown to be bound ............................................................................. 2

Part 2--Amendments of the Commonwealth Banks Act 1959                   3

Sections 6-61 ..................................................................................................... 3

Part 3--Consequential amendment of other Acts                                              4

62.......... Amendment of other Acts ................................................................... 4

Part 4--Transfer of staff of the Commonwealth Banking Corporation to the Commonwealth Bank                                                                                                                                         5

63.......... Interpretation ....................................................................................... 5

64.......... Transfer of staff .................................................................................. 5

Part 5--Commonwealth Bank to become successor in law of the State Bank of Victoria            6

65.......... Interpretation ....................................................................................... 6

66.......... Extra-territorial operation of Part ......................................................... 7

67.......... Commonwealth Bank to become successor in law of the State Bank .. 7

68.......... State Bank instruments ........................................................................ 7

69.......... Places of business ............................................................................... 7

70.......... Pending proceedings ........................................................................... 8

71.......... Registration of interests in land ........................................................... 8

72.......... Transfer of State Bank staff to Commonwealth Bank ......................... 8

73.......... Application of Income Tax Assessment Act ....................................... 9

75.......... Regulations ......................................................................................... 9

Part 6--Miscellaneous                                                                                                        10

76.......... Compensation for acquisition of property ......................................... 10

77.......... Exemption from taxes and charges .................................................... 10

78.......... Franking debit to arise for Commonwealth Bank and Development Bank                11

Schedule--Amendment of Acts                                                                                    13

Notes                                                                                                                                              15


  

Notes to the Commonwealth Banks Restructuring Act 1990

Note 1

The Commonwealth Banks Restructuring Act 1990 as shown in this consolidation comprises Act No. 118, 1990 amended as indicated in the Tables below.

Table of Acts

Act

Number
and year

Date
of Assent

Date of commencement

Application, saving or transitional provisions

Commonwealth Banks Restructuring Act 1990

118, 1990

28 Dec 1990

Ss. 1-6: Royal Assent
Ss. 63-78: (see s. 2(3) and Gazette 1990, No. S346)
Remainder: (see s. 2(2), (3) and Gazettes 1990, No. S346, 1991, No. S72, 1991, No. S114, 1992, No. GN45)

 

Statute Stocktake Act 1999

118, 1999

22 Sept 1999

22 Sept 1999

--

Statute Stocktake Act (No. 1) 2011

100, 2011

15 Sept 2011

Schedule 1 (item 5): 16 Sept 2011

--


Table of Amendments

ad. = added or inserted  am. = amended  rep. = repealed  rs. = repealed and substituted

Provision affected

How affected

Part 5

 

S. 74....................................

rep. No. 100, 2011

Part 6

 

S. 77....................................

am. No. 118, 1999


 



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