Media Release Financial Corporations Act 1974

The Governor of the Reserve Bank has the powers under the Financial Corporations Act 1974 relating to:

  • categorisation of registered corporations; and
  • exemption of corporations from the application of the Act.

Attached to this Media Release are copies of orders made under the abovementioned powers. Complete lists of registered corporations by category and exempt corporations as at 30 September 1999 are available on request.

Responsibility for the prudential regulation of Building Societies (Category A), Credit Co-operatives (Category B) and special service providers (included in Category J) was transferred to the Australian Prudential Regulation Authority on 1 July 1999. As a result, these institutions are no longer subject to the Financial Corporations Act and accordingly have been removed from the Register of Corporations.

Enquiries

Peter Stebbing
Financial System Group
(02) 9551 8764

Manager, Information Office
Reserve Bank of Australia
SYDNEY
(02) 9551 9720

COMMONWEALTH OF AUSTRALIA
Financial Corporations Act 1974
VARIATION OF LIST OF REGISTERED CORPORATIONS

I, I.J. Macfarlane, GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, pursuant to Subsection 10(2) of the Financial Corporations Act 1974, hereby make the following variation to the list of registered corporations as published in the Reserve Bank of Australia Media Release No. 99-06 of 2 July 1999:

(a) Omit from Category A (Building Societies)

Armidale Building Society Limited, N.S.W.
Australian Unity Building Society Limited, Victoria
Bass & Equitable Building Society, Tasmania
First Australian Building Society Ltd, Queensland
GIO Building Society Limited, N.S.W.
Greater Building Society Ltd, N.S.W.
Heritage Building Society, Queensland
Home Building Society, W.A.
Hume Building Society Ltd, N.S.W.
Illawarra Mutual Building Society Ltd, N.S.W.
IOOF Building Society, Victoria
Lifeplan Australia Building Society Limited, S.A.
Mackay Permanent Building Society, Queensland
Maitland Mutual Building Society Limited, N.S.W.
Newcastle Permanent Building Society Limited, N.S.W.
NRMA Building Society Limited, Victoria
Pioneer Permanent Building Society, Queensland
Territory Mutual Building Society, N.T.
The Rock Building Society Limited, Queensland
Wide Bay Capricorn Building Society, Queensland

(b) Omit from Category B (Credit Co-operatives)

A.C.T. Hospitals & Health Employees Credit Union Co-operative Limited, A.C.T.
Access Credit Union (NSW) Ltd, N.S.W.
Advantage Credit Union Limited, Victoria
Albury Murray Credit Union Ltd, N.S.W.
Amcor Credit Co-operative Limited, Victoria
AMP Employees & Agents Credit Union Ltd, N.S.W.
APESMA Professionals First Credit Union Ltd, Victoria
Austral Credit Union Co-operative Limited, Victoria
Australian Central Credit Union Ltd, S.A.
Australian Defence Credit Union Limited, N.S.W.
Bananacoast Community Credit Union Ltd, N.S.W.
Bankstown City Credit Union Ltd, N.S.W.
Bemboka Community Credit Union Ltd, N.S.W.
Berrima District Credit Union Ltd, N.S.W.
BHP Group Employees Credit Co-operative Limited, Victoria
Big River Credit Union Ltd, N.S.W.
Blue Mountains and Riverlands Community Credit Union Ltd, N.S.W.
BP Employees Credit Co-operative Limited, Victoria
Broadway Credit Union Ltd, N.S.W.
Brookvale & Mona Vale Bus Depots Credit Union Limited, N.S.W.
BTR Employees Credit Union Limited, N.S.W.
Calare Credit Union Ltd, N.S.W.
Capral Credit Union Ltd, N.S.W.
Capricornia Credit Union Ltd, Queensland
Carboy (S.A.) Credit Union Ltd, S.A.
CDH Staff Credit Union Limited, N.S.W.
Central West Credit Union Limited, N.S.W.
Circle Credit Co-operative Limited, Victoria
City Coast Credit Union Ltd, N.S.W.
Coastline Credit Union Limited, N.S.W.
Collie Miners' Credit Union Ltd, W.A.
Combined Australian Petroleum Employees' Credit Union Limited, N.S.W.
Community First Credit Union Limited, N.S.W.
Companion Credit Union Limited, N.S.W.
Comtax Credit Union Limited, N.S.W.
Concord Ukrainian Credit Union Limited, Queensland
Connect Credit Union of Tasmania Limited, Tasmania
Country First Credit Union Ltd, N.S.W.
CPS Credit Union (SA) Limited, S.A.
CPS Credit Union Co-operative (ACT) Limited, A.C.T.
CPS Credit Union Co-operative Society Limited, Tasmania
Credit Union Australia Ltd, Queensland
Credit Union Incitec Limited, Queensland
CSR Employees' Credit Union Limited, N.S.W.
Dairy Farmers Credit Union Limited, N.S.W.
Defence Force Credit Union Limited, Victoria
Dependable Credit Union Ltd, N.S.W.
Discovery Credit Union Ltd, Queensland
Dnister Ukrainian Co-operative Credit Society Ltd, Victoria
Education Credit Union Co-operative Limited, Victoria
Elcom Credit Union Ltd, N.S.W.
Electricity Credit Union Limited, Queensland
Encompass Credit Union Limited, N.S.W.
Endeavour Credit Union Limited, N.S.W.
Energy Credit Union Ltd, W.A.
Ericsson Employees Credit Co-operative Limited, Victoria
Esso Employees' Credit Union Limited, N.S.W.
Eurobodalla Credit Union Limited, N.S.W.
Family First Credit Union Limited, N.S.W.
Fire Brigades Employees' Credit Union Limited, N.S.W.
Fire Service Credit Union Limited, S.A.
Firefighters Credit Co-operative Limited, Victoria
First Gas Employees Credit Union Limited, N.S.W.
First Pacific Credit Union Ltd, N.S.W.
Fitzroy and Carlton Community Credit Co-operative Ltd, Victoria
Flinders Credit Union Co-operative Ltd, S.A.
Flying Horse Credit Union Co-operative Limited, Victoria
Ford Co-operative Credit Society Limited, Victoria
G.I.O. Staff Credit Union Limited, N.S.W.
G.M.H. (Employees) Q.W.L. Credit Co-operative Limited, Victoria
Gateway Credit Union Ltd, N.S.W.
Geelong & District Credit Co-operative Society Ltd, Victoria
Geelong Refinery Club Co-operative Credit Society Limited, Victoria
Gold Credit Co-operative Limited, Victoria
Goldfields Credit Union Limited, W.A.
Gosford City Credit Union Ltd, N.S.W.
Goulburn Murray Credit Union Co-operative Limited, Victoria
Grand United Credit Union Limited, N.S.W.
H.M.C. Staff Credit Union Ltd, N.S.W.
Hardie Employees' Credit Union Ltd, N.S.W.
Health Services Credit Union Society Limited, W.A.
Heritage Isle Credit Union Ltd, Tasmania
Hibernian Credit Union Limited, N.S.W.
Holiday Coast Credit Union Ltd, N.S.W.
Horizon Credit Union Ltd, N.S.W.
Hoverla-Ukrainian Credit Co-operative Ltd, S.A.
Hunter United Employees' Credit Union Limited, N.S.W.
Intech Credit Union Ltd, N.S.W.
Island State Credit Union Co-operative Society Limited, Tasmania
Karpaty Ukrainian Credit Union Limited, N.S.W.
La Trobe Country Credit Co-operative Limited, Victoria
La Trobe University Credit Union Co-operative Limited, Victoria
Laboratories Credit Union Limited, N.S.W.
Latvian Australian Credit Co-operative Society Limited, Victoria
Lithuanian Co-operative Credit Society “Talka” Limited, Victoria
Lysaght Credit Union Ltd, N.S.W.
M.S.B. Credit Union Limited, N.S.W.
Macarthur Credit Union Ltd, N.S.W.
Macaulay Community Credit Co-operative Limited, Victoria
Macquarie Credit Union Limited, N.S.W.
Maitland Community Credit Union Limited, N.S.W.
Maleny and District Community Credit Union Limited, Queensland
Manchester Unity (N.S.W.) Credit Union Limited, N.S.W.
Manly Warringah Credit Union Limited, N.S.W.
Maritime Workers of Australia Credit Union Ltd, N.S.W.
Maroondah Credit Union Ltd, Victoria
Media and Publishing Credit Union Ltd, N.S.W.
Media Credit Union Queensland Ltd, Queensland
Melbourne Credit Union Limited, Victoria
Melbourne University Credit Co-operative Limited, Victoria
Members Australia Credit Union Limited, Victoria
Metropolitan Credit Union Ltd, N.S.W.
N.R.M.A. Employees' Credit Union Ltd, N.S.W.
NACOS Credit Union Ltd, S.A.
New England Credit Union Ltd, N.S.W.
New South Wales Teachers' Credit Union Limited, N.S.W.
Newcastle Bus Credit Union Ltd, N.S.W.
Newcastle City Council Employees' Credit Union Limited, N.S.W.
Newcastle Credit Union Limited, N.S.W.
Newcom Colliery Employees' Credit Union Limited, N.S.W.
North East Credit Union Co-operative Limited, Victoria
North West Country Credit Union Co-operative Limited, Victoria
Northern Districts Credit Union Limited, N.S.W.
Northern Inland Credit Union Ltd, N.S.W.
Northern Rivers Electricity Credit Union Ltd, N.S.W.
Northern Territory Credit Union Limited, N.T.
Nova Credit Union Limited, N.S.W.
Orana Credit Union Ltd, N.S.W.
Orange Credit Union Limited, N.S.W.
Parkes District Credit Union Limited, N.S.W.
Peel Valley Credit Union Ltd, N.S.W.
Phoenix (N.S.W.) Credit Union Limited, N.S.W.
Plenty Credit Co-operative Limited, Victoria
Point Henry Credit Co-operative Limited, Victoria
Police & Nurses Credit Society Ltd, W.A.
Police Association Credit Co-operative Limited, Victoria
Police Credit Union Limited, S.A.
Polish Credit Union Ltd, Tasmania
Post-Tel Credit Union Ltd, N.S.W.
Power Credit Union Limited, N.S.W.
Powerstate Credit Union Ltd, S.A.
Prospect Credit Union Limited, N.S.W.
Pulse Credit Union Limited, Victoria
Punchbowl Credit Union Limited, N.S.W.
Qantas Staff Credit Union Limited, N.S.W.
Queensland Community Credit Union Limited, Queensland
Queensland Country Credit Union Limited, Queensland
Queensland Police Credit Union Limited, Queensland
Queensland Professional Credit Union Limited, Queensland
Queensland Teachers' Credit Union Ltd, Queensland
Queenslanders Credit Union Limited, Queensland
R.T.A. Staff Credit Union Ltd, N.S.W.
RACV Employees' Credit Union Co-operative Limited, Victoria
Randwick Credit Union Limited, N.S.W.
Reliance Credit Union Ltd, N.S.W.
Resources Credit Union Limited, N.S.W.
Rothville Credit Union Limited, N.S.W.
Satisfac Direct Credit Union Limited, S.A.
Savings and Loans Credit Union (S.A.) Limited, S.A.
Security Credit Union Ltd, N.S.W.
Select Credit Union Limited, N.S.W.
SGE The Service Credit Union Ltd, N.S.W.
Shell Employees' Credit Union Ltd, N.S.W.
Shoalhaven Paper Mill Employees' Credit Union Ltd, N.S.W.
Snowy Mountains Credit Union Ltd, N.S.W.
Softwoods Credit Union Co-operative Limited, S.A.
Sosecure Co-operative Credit Union Limited, A.C.T.
South East Community Credit Society Ltd, Queensland
South West Slopes Credit Union Ltd, N.S.W.
Southern Cross Credit Union Ltd, N.S.W.
South-West Credit Union Co-operative Limited, Victoria
St Patrick's Mentone Co-operative Credit Society Limited, Victoria
St. Mary's Swan Hill Co-operative Credit Society Limited, Victoria
Statehealth Credit Union Ltd, N.S.W.
StateWest Credit Society Limited, W.A.
Sutherland Credit Union Ltd, N.S.W.
Sutherland Shire Council Employees' Credit Union Limited, N.S.W.
Sydney Credit Union Ltd, N.S.W.
T.A.B. Staff and Agents Credit Union Limited, N.S.W.
Tartan Credit Union Ltd, N.S.W.
Telstra Credit Union Ltd, N.S.W.
The Broken Hill Community Credit Union Ltd, N.S.W.
The Credit Union of Canberra Ltd, A.C.T.
The Gympie Credit Union Ltd, Queensland
The Herald Credit Co-operative Limited, Victoria
The Illawarra Credit Union Limited, N.S.W.
The Police Department Employees Credit Union Ltd, N.S.W.
The Queensland Railways Institute Credit Union Limited, Queensland
The Scallop Credit Union Co-operative Limited, Victoria
The Summerland Credit Union Limited, N.S.W.
The TAFE Credit Union Limited, N.S.W.
The University Credit Society Limited, W.A.
Traditional Credit Union Limited, N.T.
Transcomm Credit Co-operative Limited, Victoria
Transport Industries Credit Union Ltd, N.S.W.
Uni Credit Union Ltd, Queensland
Unicom Credit Union Limited, N.S.W.
United Credit Union Limited, W.A.
Upper Hunter Credit Union Ltd, N.S.W.
Victoria Teachers Credit Union Limited, Victoria
W.A.W. Credit Union Co-operative Limited, Victoria
Wagga Mutual Credit Union Ltd, N.S.W.
Warwick Credit Union Ltd, Queensland
Waverley Bus Depot Employees Credit Union Ltd, N.S.W.
Waverley Credit Union Co-operative Limited, Victoria
Welding and Gases Employees Credit Co-operative Limited, Victoria
Westax Credit Society Ltd, W.A.
Western City Credit Union Ltd, N.S.W.
Woolworths/Safeway Employees Credit Co-operative Limited, Victoria
Wyong Council Credit Union Ltd, N.S.W.
Yarrawonga Credit Union Co-operative Limited, Victoria
Yennora Credit Union Limited, N.S.W.

(c) Omit from Category D (Money Market Corporations)

Credit Lyonnais Australia Limited, N.S.W.
Credit Lyonnais Fixed Interest Australia Limited, N.S.W.
Graham & Company Limited, Queensland
Graham & Company Mortgages Limited, Queensland
Graham & Company Securities Limited, Queensland
HSBC Australia International Finance Limited, A.C.T.
HSBC Australia International Leasing Limited, A.C.T.
HSBC Australia Investments Limited, N.S.W.
HSBC Australia Project Finance and Property Limited, A.C.T.

(d) Include in Category D (Money Market Corporations)

CB-CLA Limited, N.S.W.
CB-CLFIA Limited, N.S.W.
HSBC International Finance (Australia) Pty Limited, A.C.T.
HSBC International Investments (Australia) Pty Limited, N.S.W.
HSBC International Leasing (Australia) Pty Limited, A.C.T.
HSBC Project Finance and Property (Australia ) Pty Limited, A.C.T.

(e) Omit from Category E (Pastoral Finance Companies)

Victorian Producers' Co-operative Co. Ltd, Victoria

(f) Include in Category F (Finance Companies)

Liberty Funding Pty Ltd, Victoria
PRIMUS Automotive Financial Services Australia Limited, Victoria

(g) Omit from Category G (General Financiers)

Associates Commercial Corporation (Australia) Pty Ltd, N.S.W.
Capital Corporate Finance Limited, N.S.W.
Harvey Norman Financial Services Pty Limited, N.S.W.
Nissan Finance Corporation Pty Ltd, Victoria
The Cairns Co-operative Weekly Penny Savings Bank Limited, Queensland

(h) Include in Category G (General Financiers)

Capital Finance Australia Limited, N.S.W.
GE Auto & Fleet Ltd, Victoria
GE Commercial Corporation (Australia) Pty Ltd, N.S.W.
Network Consumer Finance Pty Limited, N.S.W.

(i) Omit from Category J (Other Financial Corporations)

AAPBS Settlements Limited, A.C.T.
Credit Union Services Corporation (Australia) Limited, Victoria
Credit Union Treasury Services Ltd, Queensland

Dated 7 October 1999

I.J. Macfarlane
Governor
Reserve Bank of Australia

COMMONWEALTH OF AUSTRALIA
Financial Corporations Act 1974
ORDER FOR THE PURPOSES OF PARAGRAPH 8(2)(L)

I, I.J. Macfarlane, GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, pursuant to Subsection 8(2)(l) of the Financial Corporations Act 1974, hereby:

(a) Exempt the following corporations:

Graham & Company Limited
Graham & Company Mortgages Limited
Graham & Company Securities Limited

Dated 7 October 1999

I.J. Macfarlane
Governor
Reserve Bank of Australia