Commonwealth Numbered Acts

BANKING LEGISLATION AMENDMENT ACT 1992 No. 193 of 1992 - SECT 4

4.(1) Section 5 of the Principal Act is amended:
(a) by omitting from the definition of "bank" in subsection (1)", the
Commonwealth Development Bank and the Australian Resources Development Bank
Limited" and substituting "and the Commonwealth Development Bank";

   (b)  by omitting from subsection (1) the definition of "Australian
        Resources Development Bank Limited";

   (c)  by inserting in subsection (1) the following definition:

"'foreign bank' means a body corporate that:

   (a)  is a foreign corporation within the meaning of paragraph 51(xx) of the
        Constitution; and

   (b)  is authorised to carry on banking business in a foreign country; and

   (c)  has been granted an authority under section 9 to carry on banking
        business in Australia;".

(2) Section 5 of the Principal Act is amended:
(a) by inserting in the definition of "bank" in subsection (1) "State Bank
Limited," after "includes";

   (b)  by inserting in subsection (1) the following definition:

"'State Bank Limited' means State Bank of New South Wales Limited, being the
body of that name constituted as a bank under the
State Bank (Corporatisation)  Act 1989 (NSW);".

(3) Section 5 of the Principal Act is amended by omitting from the
definition of "bank" in subsection (1) "State Bank Limited,".