Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

BANKING ACT 1959 - SECT 28

Restrictions on issuing covered bonds--8% rule

    An ADI must not issue a covered bond if the combined value of assets in cover pools securing covered bonds issued by the ADI would exceed 8%, or such other percentage as is prescribed by the regulations, of the value of the ADI's assets in Australia.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback