Media Release Financial Corporations Act 1974

Number 1997-01
Date

The Treasurer has delegated to the Governor of the Reserve Bank powers under the Financial Corporations Act 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, as at 31 December 1996, of registered corporations by category and exempt corporations are available on request.

Enquiries

Mrs. H.T. Saunders
Senior Statistics Officer
Financial System Department
(02) 9551 8731

Manager, Information Office
Reserve Bank of Australia
SYDNEY
(02) 9551 8111

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

I, I.J. MACFARLANE, GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, by virtue of powers granted under Section 22A of the Financial Corporations Act 1974 and pursuant to Subsection 10(2) of that Act, hereby make the following variation to the list of registered corporations as published in the Reserve Bank of Australia Media Release No 96-08 of 3 July 1996, subsequently varied as published in the Reserve Bank of Australia Media Release No. 96- 12 of 2 October 1996:

(a) Omit from Category A (Building Societies)

First Provincial Building Society, Queensland
Ipswich and West Moreton Building Society, Queensland
Suncorp Building Society, Queensland

(b) Include in Category A (Building Societies)

First Provincial Building Society Ltd, Queensland

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

AUSTAX Credit Union Ltd, Queensland
Ballarat Co-operative Credit Union Limited, Victoria
Ciba-Geigy Staff Credit Union Limited, N.S.W.
Gas Corporation Credit Co-operative Limited, Victoria
Hastings Credit Union Ltd, N.S.W.
Ipswich Credit Union Ltd, Queensland
Lysaght Employees' Credit Union Ltd, N.S.W.

(d) Include in Category B (Credit Co-operatives)

Discovery Credit Union Ltd, Queensland
Gas Credit Union Ltd, Victoria
Gold Credit Co-operative Limited, Victoria
Holiday Coast Credit Union Ltd, N.S.W.
Lysaght Credit Union Ltd, N.S.W.

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

Australian Gilt Securities Limited, N.S.W.
Cazfield Pty Ltd, A.C.T.
DB Australia Limited, Victoria
Partnership Pacific Leasing Limited, N.S.W.
Partnership Pacific Leasing (Vic) Pty Ltd, Victoria

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

CS First Boston Pacific Capital Markets Limited, A.C.T.
Deutsche Australia Limited, Victoria
RMB Australia Limited, NSW
Westpac Equipment Finance Limited, N.S.W.
Westpac Equipment Finance (Vic) Pty Limited, Victoria

(g) Omit from Category G (General Financiers)

Ballarat Securities Corporation Limited, Victoria
Equus Financial Services Limited, Victoria
Wesfarmers Credit Corporation (Finance) Ltd, W.A.
Wesfarmers Credit Corporation Limited, W.A.

(h) Include in Category G (General Financiers)

Equus Corp Pty Limited, Victoria
Lease Plan Australia Limited, Victoria
Victorian Securities Corporation Limited, Victoria

Dated 6 January 1997

I.J. Macfarlane
Governor
Reserve Bank of Australia
For and on behalf of the Treasurer

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, by virtue of powers granted under Section 22A of the Financial Corporations Act 1974 and pursuant to Subsection 8(2)(1) of that Act, by this Order, hereby

(a) revoke the exemption of the following corporations:

Aldershot Limited
Allied Australian Investments Limited
Australian Multi-Finance Corporation Ltd
Balesroom Pty Limited
City and Rural Mutual Home Loans Fund Ltd
Executive Mutual Home Loans Fund Limited
First Federation Discount Co. Limited
Galdnet Pty Limited
Lasoace Pty Limited
Lombard Finance Australia Pty Limited
Manoora Pty Limited
NatWest Investments Australia Pty Limited
NMRB Australia Finance Limited
NMRB Investments Limited
Pan Australian Credits Limited
Prime Acceptance Corporation Pty Ltd
Saitama Australia Finance Limited
The Mutual Home Loans Fund of Australia Limited

(b) exempt the following corporations:

Wesfarmers Credit Corporation (Finance) Ltd
Wesfarmers Credit Corporation Limited

Dated 6 January 1997

I.J. Macfarlane
Governor
Reserve Bank of Australia
For and on behalf of the Treasurer