Media Release Financial Corporations Act 1974

Number 98-03
Date

The Treasurer has delegated to the Governor or the Deputy 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 March 1997, of registered corporations by category and exempt corporations are available on request.

Enquiries

Terry Pittorino
Manager
Non-Bank Financial 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, subsequently varied as published in the Reserve Bank of Australia Media Release No. 97-17 of 2 October 1997 and No. 98-01 of 2 January 1998:

(a) Omit from Category A (Building Societies)

First Provincial Building Society, Queensland
Northern Building Society Limited, Queensland

(b) Include in Category A (Building Societies)

First Australian Building Society Limited, Queensland

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

A.B.C. Credit Union (Tasmania) Co-operative Society Limited, Tasmania
ACF Employees' Credit Union Limited, N.S.W.
AGL Group Employees Credit Union Limited, N.S.W.
Aluminium Credit Union Co-operative Society Limited, Tasmania
Care Credit Union Limited, N.S.W.
Lithgow Mutual Credit Union Limited, N.S.W.
State Government Employees Community Credit Co-operative Limited, Victoria
The Latvian Sydney Credit Union Limited, N.S.W.
WAPET Staff Credit Society Limited, W.A.

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

Dairy Farmers Credit Union Ltd, N.S.W.
Family First Credit Union Limited, N.S.W.
First Gas Employees Credit Union Limited, N.S.W.
Heritage Isle Credit Union Ltd, Tasmania

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

Barclays Australia Limited, N.S.W.
Cathay Finance International Limited, N.S.W.
Dresdner Australia Limited, N.S.W.
First Chicago Australia Securities Limited, N.S.W.
Indosuez Australia Ltd, N.S.W.
Nippon Credit Australia Limited, N.S.W.
Partnership Pacific Securities Limited, N.S.W.
Partnership Pacific (Vic) Pty Ltd, Victoria
SBC Warburg Australia Holdings Limited, N.S.W.
SBC Warburg Australia Limited, A.C.T.
Westpac Equipment Finance Limited, N.S.W.
Westpac Equipment Finance (Vic) Pty Limited, Victoria
Yamaichi Australia Limited, N.S.W.

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

ABN AMRO Facilities Australia Limited, N.S.W.
Credit Agricole Indosuez Australia Limited, N.S.W.
Dresdner Kleinwort Benson Australia Limited, N.S.W.
SBC Warburg Dillon Read Australia Holdings Limited, N.S.W.
SBC Warburg Dillon Read Australia Limited, A.C.T.

(g) Omit from Category F (Finance Companies)

Citicorp Australia Limited, Victoria
Citicorp Financial Services Limited, A.C.T.
Consolidated Press Financial Services Pty Limited, A.C.T.
EFG Finance Limited, S.A.
Glenmore Park Estate Limited, S.A.

(h) Include in Category F (Finance Companies)

Abel Funding Pty Limited, A.C.T.
Abel Tasman Holdings Pty Limited, A.C.T.
Bendigo Finance Pty Ltd, Victoria
Consolidated Press Financial Services Pty Limited, A.C.T.
Consolidated Press Property Pty Limited, Victoria
Coral Sea Funding Pty Limited, N.S.W.
Glenmore Park Estate Limited, S.A.

(i) Omit from Category G (General Financiers)

Trans-World Finance Corporation Limited, N.S.W.

Dated 1 April 1998

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:

AFT Property Management Pty Limited
Australian Fixed Trusts Limited
Beacon Credit Corporation Limited
Beneficial Finance Corporation Limited
Brinim Limited
Denison Bills Pty Limited
EFG Australia Limited
EFG Treasury Pty Limited
Equiticorp Australia Limited
First State Securities Limited
Infrastructure Australia (No.2) Limited
Infrastructure Australia (No.3) Limited
Lensworth Group Limited
Metropolitan Co-op. Housing Society
National Acceptance Corporation Pty Limited
Portfolio Leasing Australia Limited
Portfolio Leasing Australia Management Limited
Southstate Finance Pty Limited
St. James (Elizabeth) Co-operative Housing Society
V.L. Credits Pty Ltd
V.L. Finance Pty Ltd
Westpac Asian Lending Pty Limited
Westralian Finance Corporation Ltd

(b) exempt the following corporations:

Colonial Stockbroking Limited
Glenmore Park Estate Limited

Dated 1 April 1998

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