Media Release Financial Corporations Act 1974

Number 2000-09
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 March 2000 are available on request.

Enquiries

Carl Schwartz
Economic Analysis Department
(02) 9551 8851

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: 99-06 of 2 July 1999, subsequently varied as published in the Reserve Bank of Australia Media Release No: 1999-10 of 11 October 1999 and No: 2000-02 of 13 January 2000:

a. Omit from Category D (Money Market Corporations)

Republic Mase Australia Limited, N.S.W.
Yasuda Trust Australia Limited, N.S.W.

b. Include in Category D (Money Market Corporations)

HSBC Precious Metals (Australia) Limited, N.S.W.
RMB Australia Holdings Pty Limited, N.S.W.

c. Include in Category F (Finance Companies)

BA Securities Australia Limited, Victoria
E.I.B. (Aust) Pty Ltd, N.S.W.
STA Finance Australia Pty Ltd, Victoria
Victorian Finance & Leasing Limited, Victoria

d. Omit from Category G (General Financiers)

Performance Group Holdings Pty Ltd, W.A.
PIBA Equipment Finance Limited, A.C.T.
Westlawn Investment Company Limited, N.S.W.

e. Include in Category G (General Financiers)

API Finance Limited, N.S.W.
New Holland Credit Australia Pty Limited, N.S.W.
Rabo Equipment Finance Limited, A.C.T.
Westlawn Finance Limited, N.S.W.

Dated 6 April 2000

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:

Daiwa Finance Australia Limited
First Services Pty Ltd
Flag Finance Limited
Golden North Limited
Midavia Group Limited
Mortgage Custodians Pty Ltd
Rovenda Pty Limited
Rovny Pty Limited

b. Exempt the following Corporations:

National Mine Management Pty Ltd
Performance Group Holdings Pty Ltd
Yasuda Trust Australia Limited

Dated 6 April 2000

I.J. Macfarlane
Governor
Reserve Bank of Australia