Commonwealth Consolidated Acts

BANKING ACT 1959 - SECT 9B

  (1)   If APRA is satisfied that a body corporate that has been granted a section   9 authority:

  (a)   has ceased to exist; or

  (b)   has changed its name;

APRA must cause notice of that fact to be published in the Gazette . APRA may also cause notice of that fact to be published in any other way it thinks appropriate.

  (2)   If the body corporate has ceased to exist, its section   9 authority is taken to be revoked on publication of the notice in the Gazette .

  (3)   If the body corporate has changed its name, its section   9 authority has effect after the publication of the notice in the Gazette as if it had been granted to the body under its changed name.