Media Release Financial Corporations Act 1974

Number 98-14
Date

The Governor of the Reserve Bank has the 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 of registered corporations by category and exempt corporations as at 30 September 1998 are available on request.

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Peter Stebbing
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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, 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. 98-11 of 6 July 1998:

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

A.P.E.A. Credit Co-operative Limited, Victoria
C.B.O.A. Credit Union Limited, N.S.W.
CSIRO Co-operative Credit Society Limited, Victoria
Enterprise Credit Union Limited, Victoria
Labour Staff Credit Union (NSW) Ltd, N.S.W.
Lifeplan Australia Credit Union Limited, S.A.
Outlook Credit Union Co-operative Limited, Victoria
Savings and Loans Credit Union Co-operative Society Limited, Tasmania
State Government Employees Credit Union Ltd, N.S.W.
Teachers Police and Nurses Credit Union of Tasmania Limited, Tasmania
The Brambles Illawarra Employees' Credit Union Limited, N.S.W.
The Stafford Parish Credit Union Ltd, Queensland
WestBond Credit Union Limited, W.A.

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

Access Credit Union (NSW) Ltd, N.S.W.
APESMA Professionals First Credit Union Ltd, Victoria
Connect Credit Union of Tasmania Limited, Tasmania
Gateway Credit Union Ltd, N.S.W.
Members Australia Credit Union Limited, Victoria
SGE The Service Credit Union Ltd, N.S.W.

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

Mitsui Trust Finance (Australia) Limited, N.S.W.
NM Rothschild Australia Services Pty Limited, N.S.W.
Rothschild Australia Discount Limited, N.S.W.
SBC Warburg Dillon Read Australia Holdings Limited, N.S.W.
SBC Warburg Dillon Read Australia Limited, A.C.T.
SBC (Sydney) Limited, N.S.W.

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

NM Rothschild Australia Services Pty Limited, N.S.W.
Warburg Dillon Read (Australia) Holdings Ltd, N.S.W.
Warburg Dillon Read Australia Ltd, A.C.T.
UBS (Sydney) Ltd, N.S.W.

(e) Include in Category F (Finance Companies)

Rhein-Main No 6 Limited, A.C.T.
SABRE Securitisation Limited, A.C.T.

(f) Omit from Category G (General Financiers)

Nationwide Factors Pty Ltd, Queensland

(g) Include in Category G (General Financiers)

St. George Business Receivables Finance Pty Limited, Queensland

Dated 9 October 1998

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) revoke the exemption of the following corporations:

Permanent Building Society

(b) exempt the following corporations:

Mitsui Trust Finance (Australia) Limited
Rhein-Main No. 4 Limited

Dated 9 October 1998

I.J. Macfarlane
Governor
Reserve Bank of Australia