Commonwealth Numbered Acts

COMMONWEALTH BANKS RESTRUCTURING ACT 1990

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Interpretation  
   4.      Extension to external Territories  
   5.      Crown to be bound  
   6.      Principal Act  
   7.      Title  
   8.      Interpretation  
   9.      Heading to Part II  
   10.     The Commonwealth Banking Corporation  
   11.     Relocation of sections 7 and 7A  
   12.     Repeal of section 8 and substitution of new sections  
   13.     Functions of Board  
   14.     Differences of opinion on questions of policy  
   15.     Repeal of section 12  
   16.     Delegation by the Managing Director  
   17.     Managing Director and Secretary to Treasury to establish Liaison  
   18.     Repeal of Part III  
   19.     Insertion of heading  
   20.     Repeal of Division 1A of Part IV  
   21.     Insertion of new Division  
   22.     Insertion of new Divisions and heading  
   23.     General functions of Commonwealth Bank  
   24.     Repeal of section 29  
   25.     Capital  
   26.     Repeal of section 30A  
   27.     Repeal of section 31  
   28.     Repeal of section 32 and substitution of new section  
   29.     Repeal of section 33  
   30.     Repeal of section 35  
   31.     Repeal of section 36  
   32.     Repeal of section 37  
   33.     Repeal of section 38  
   34.     Profits of Savings Bank  
   35.     Management of Savings Bank  
   35A.    Repeal of sections 48, 49 and 50  
   36.     Insertion of new section  
   37.     Repeal of section 75  
   38.     Commonwealth Development Bank Reserve Fund  
   39.     Repeal of sections 77A and 78 and substitution of new section  
   40.     Management of Development Bank  
   41.     Repeal of section 81  
   42.     Repeal of section 82  
   43.     Substitution of new heading  
   44.     Repeal of section 87  
   46.     Repeal of section 88 and substitution of new section:  
   47.     Repeal of Division headings  
   48.     Superannuation fund  
   49.     Repeal of section 110A  
   50.     Repeal of section 114 and substitution of new section  
   51.     Appointment of attorneys  
   52.     Repeal of section 118 and substitution of new section  
   53.     Taxation  
   54.     Repeal of sections  
   55.     Power to improve property and carry on business  
   56.     Execution of contracts  
   57.     Affixing of seals  
   58.     Insertion of new section  
   59.     Regulations  
   60.     Transitional provision - accounting records of Commonwealth Bank  
   61.     Transitional provision accounts of Commonwealth Bank  
   62.     Amendment of other Acts  
   63.     Interpretation  
   64.     Transfer of staff  
   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  
   74.     Payment to Victoria  
   75.     Regulations  
   76.     Compensation for acquisition of property  
   77.     Exemption from taxes and charges  
   78.     Franking debit to arise for Commonwealth Bank and Development Bank  
           SCHEDULE