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COMMONWEALTH BANKS RESTRUCTURING ACT 1990 - NOTES

No. 118, 1990

Compilation No. 4

Compilation date:   19 June 2018

Includes amendments up to: Act No. 41, 2018

Registered:    21 June 2018

 

About this compilation

This compilation

This is a compilation of the Commonwealth Banks Restructuring Act 1990 that shows the text of the law as amended and in force on 19 June 2018 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self-repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

 

 

 

Contents

Part 1--Preliminary

1 Short title

2 Commencement

3 Interpretation

4 Extension to external Territories

5 Crown to be bound

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

63 Interpretation

64 Transfer of staff

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

65 Interpretation

66 Extra-territorial operation of Part

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

68 State Bank instruments

69 Places of business

70 Pending proceedings

71 Registration of interests in land

72 Transfer of State Bank staff to Commonwealth Bank

73 Application of Income Tax Assessment Act

75 Regulations

Part 6--Miscellaneous

76 Compensation for acquisition of property

77 Exemption from taxes and charges

78 Franking debit to arise for Commonwealth Bank and Development Bank

Endnotes

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

 

Endnotes

Endnote 1--About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1--About the endnotes

Endnote 2--Abbreviation key

Endnote 3--Legislation history

Endnote 4--Amendment history

Abbreviation key--Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history--Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. 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.

If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.

 

Endnote 2--Abbreviation key

 

ad = added or inserted

o = order(s)

am = amended

Ord = Ordinance

amdt = amendment

orig = original

c = clause(s)

par = paragraph(s)/subparagraph(s)

C[x] = Compilation No. x

    /sub-subparagraph(s)

Ch = Chapter(s)

pres = present

def = definition(s)

prev = previous

Dict = Dictionary

(prev ... ) = previously

disallowed = disallowed by Parliament

Pt = Part(s)

Div = Division(s)

r = regulation(s)/rule(s)

ed = editorial change

reloc = relocated

exp = expires/expired or ceases/ceased to have

renum = renumbered

    effect

rep = repealed

F = Federal Register of Legislation

rs = repealed and substituted

gaz = gazette

s = section(s)/subsection(s)

LA = Legislation Act 2003

Sch = Schedule(s)

LIA = Legislative Instruments Act 2003

Sdiv = Subdivision(s)

(md) = misdescribed amendment can be given

SLI = Select Legislative Instrument

    effect

SR = Statutory Rules

(md not incorp) = misdescribed amendment

Sub-Ch = Sub-Chapter(s)

    cannot be given effect

SubPt = Subpart(s)

mod = modified/modification

underlining = whole or part not

No. = Number(s)

    commenced or to be commenced

 

Endnote 3--Legislation history

 

Act

Number and year

Assent

Commencement

Application, saving and transitional provisions

Commonwealth Banks Restructuring Act 1990

118, 1990

28 Dec 1990

s 1-6: 28 Dec 1990 (s 2(1))
s 63-78: (s 2(3) and gaz 1990, No S346)
Remainder: (s 2(2), (3), gaz 1990, No S346, gaz 1991, No S72, gaz 1991, No S114, and gaz 1992, No GN45)

 

Statute Stocktake Act 1999

118, 1999

22 Sept 1999

Sch 2 (item 9): 22 Sept 1999 (s 2(1))

--

Statute Stocktake Act (No. 1) 2011

100, 2011

15 Sept 2011

Sch 1 (item 5): 16 Sept 2011 (s 2)

--

Statute Law Revision Act 2012

136, 2012

22 Sept 2012

Sch 6 (items 23, 24): 22 Sept 2012 (s 2(1) item 37)

--

Statute Update (Autumn 2018) Act 2018

41, 2018

22 May 2018

Sch 4 (item 2): 19 June 2018 (s 2(1) item 4)

--

 

Endnote 4--Amendment history

 

Provision affected

How affected

Part 1

 

s 5.....................

am No 41, 2018

Part 2...................

rep No 136, 2012

s 6.....................

rep No 136, 2012

s 7.....................

rep No 136, 2012

s 8.....................

rep No 136, 2012

s 9.....................

rep No 136, 2012

s 10....................

rep No 136, 2012

s 11....................

rep No 136, 2012

s 12....................

rep No 136, 2012

s 13....................

rep No 136, 2012

s 14....................

rep No 136, 2012

s 15....................

rep No 136, 2012

s 16....................

rep No 136, 2012

s 17....................

rep No 136, 2012

s 18....................

rep No 136, 2012

s 19....................

rep No 136, 2012

s 20....................

rep No 136, 2012

s 21....................

rep No 136, 2012

s 22....................

rep No 136, 2012

s 23....................

rep No 136, 2012

s 24....................

rep No 136, 2012

s 25....................

rep No 136, 2012

s 26....................

rep No 136, 2012

s 27....................

rep No 136, 2012

s 28....................

rep No 136, 2012

s 29....................

rep No 136, 2012

s 30....................

rep No 136, 2012

s 31....................

rep No 136, 2012

s 32....................

rep No 136, 2012

s 33....................

rep No 136, 2012

s 34....................

rep No 136, 2012

s 35....................

rep No 136, 2012

s 35A...................

rep No 136, 2012

s 36....................

rep No 136, 2012

s 37....................

rep No 136, 2012

s 38....................

rep No 136, 2012

s 39....................

rep No 136, 2012

s 40....................

rep No 136, 2012

s 41....................

rep No 136, 2012

s 42....................

rep No 136, 2012

s 43....................

rep No 136, 2012

s 44....................

rep No 136, 2012

s 46....................

rep No 136, 2012

s 47....................

rep No 136, 2012

s 48....................

rep No 136, 2012

s 49....................

rep No 136, 2012

s 50....................

rep No 136, 2012

s 51....................

rep No 136, 2012

s 52....................

rep No 136, 2012

s 53....................

rep No 136, 2012

s 54....................

rep No 136, 2012

s 55....................

rep No 136, 2012

s 56....................

rep No 136, 2012

s 57....................

rep No 136, 2012

s 58....................

rep No 136, 2012

s 59....................

rep No 136, 2012

s 60....................

rep No 136, 2012

s 61....................

rep No 136, 2012

Part 3...................

rep No 136, 2012

s 62....................

rep No 136, 2012

Part 5

 

s 74....................

rep No 100, 2011

Part 6

 

s 77....................

am No 118, 1999

Schedule.................

rep No 136, 2012

 

 


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