Commonwealth Consolidated Acts

BANKING ACT 1959 - SECT 70H

    If an authorisation under any of the following sections specifying an amount to be credited to the Account is amended so as to reduce the amount, an amount equal to the reduction must be debited from the Account:

  (a)   section   70C;

  (b)   section   131A of the Insurance Act 1973 ;

  (c)   section   251A of the Life Insurance Act 1995 .