Media Release Financial Corporations Act 1974

Number 1999-01
Date

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 31 December 1998 are available on request.

Enquiries

Peter Stebbing
Financial System Group

Phone: (02) 9551 8764

Manager, Information Office
Reserve Bank of Australia
SYDNEY

Phone: (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, subsequently varied as published in the Reserve Bank of Australia Media Release No. 98-14 of 9 October 1998:

(a) Omit from Category A (Building Societies)

Cornerstone Building Society Limited, Victoria

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

Agristaff Credit Union Ltd, N.S.W.
Choice Credit Union Ltd, Victoria
M.M.C. Staff Credit Union Co-operative Limited, Victoria
NT Credit Society Limited, N.T.

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

Country First Credit Union Ltd, N.S.W.
Northern Territory Credit Union Limited, N.T.

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

Deutsche Morgan Grenfell Australia Limited, N.S.W.
First Chicago Australia Limited, N.S.W.
Sumitomo Trust Finance (Australia) Limited, N.S.W.
The Nikko Securities (Australia) Ltd, A.C.T.

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

Deutsche Capital Markets Australia Limited, N.S.W.

(f) Include in Category F (Finance Companies)

POLAR Finance Limited, A.C.T.
RAMS Mortgage Corporation Limited, A.C.T.

(g) Omit from Category G (General Financiers)

Bendigo Secured Mortgages Limited, Victoria

Dated 7 January 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, by this Order, hereby:

(a) Revoke the exemption of the following corporation:

Ampol Petroleum Finance Limited
Deutsche Capital Markets Australia Limited
JC No.100 (Australia) Pty Limited
Scarf Brothers Stores Pty Limited
Southpac Investment Management Ltd
The Scarf Brothers Corporation Pty Limited

(b) Exempt the following corporations:

ABN AMRO Investment Management (Aust.) Limited
DCM Australia Limited
Realty Management & Investment (Australia) Pty Ltd
SBS Retail Management Pty Limited
TSBC Holdings Pty Limited
TSBC Holdings Pty Limited

Dated 7 January 1999

I.J. Macfarlane
Governor
Reserve Bank of Australia