Media Release Financial Corporations Act 1974

Number 1997-17
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 30 June 1997, of registered corporations by category and exempt corporations are available on request.

Enquiries

Terry Pittorino
Manager
Non-Bank Intermediaries
Financial System Department
(02) 9551 8760

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. 97-12 of 2 July 1997:

(a) Omit from Category A (Building Societies)

MLC Building Society, Victoria

(b) Include in Category A (Building Societies)

NRMA Building Society Limited, Victoria

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

C.P.S. Credit Society Ltd, Queensland
Doncaster & Templestowe Credit Co-operative Limited, Victoria
Gas Credit Union Ltd, Victoria
Greater Credit Union Ltd, N.S.W.
Lachlan Mutual Credit Union Ltd, N.S.W.
North West Local Government Employees' Credit Union Ltd, N.S.W.
Port Botany Bus Depot Employees' Credit Union Ltd, N.S.W.
Reservoir Fawkner Credit Co-operative Limited, Victoria
Richmond-Tweed Post-Tel Credit Union Ltd, N.S.W.
Ryde Omnibus Depot Credit Union Limited, N.S.W.
The City of Perth Credit Union Limited, W.A.
T.N.T. Employees and Contractors Credit Union Ltd, N.S.W.
Tweed-Byron Credit Union Ltd, N.S.W.

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

First Pacific Credit Union Ltd, N.S.W.
Parkes District Credit Union Limited, N.S.W.
Southern Cross Credit Union Ltd, N.S.W.
Transport Industries Credit Union Ltd, N.S.W.

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

Asahi Finance (Australia) Ltd, N.S.W.
Chase Manhattan Australia Limited, A.C.T.
CIBC Australia Holdings Ltd, N.S.W.
CIBC Australia Limited, N.S.W.

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

Chase Manhattan New Zealand Limited, A.C.T.
Investec Australia Limited, A.C.T.

(g) Omit from Category F (Finance Companies)

Citicorp Finance Pty Ltd, Victoria
Citicorp Limited, Victoria
Citicorp Wholesale Pty Limited, Victoria

(h) Include in Category F (Finance Companies)

debis Financial Services (Australia) Pty Ltd, N.S.W.
Mercedes-Benz Finance (Australia) Pty Ltd, N.S.W.
Newcourt Credit Group Inc (Australia), N.S.W.

(i) Omit from Category G (General Financiers)

Leasco Australia Pty Limited, N.S.W.
Mortgage Resources Limited, A.C.T.

Dated 1 October 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)(l) of that Act, by this Order, hereby:

(a) revoke the exemption of the following corporations:

Eighth Aviation Leasing Pty Ltd
Fifth Aviation Leasing Pty Ltd
Fourth Aviation Leasing Pty Ltd
National Housing Securities Limited
Ninth Aviation Leasing Pty Ltd
Seventh Aviation Leasing Pty Ltd
Sixth Aviation Leasing Pty Ltd
Victorian Housing Bonds Limited

(b) exempt the following corporations:

CIBC Australia Holdings Ltd
CIBC Australia Limited
Enerloy Pty Ltd
Leasco Australia Pty Limited

Dated 1 October 1997

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