Commonwealth Numbered Acts

COMMONWEALTH BANKS AMENDMENT ACT 1984 No. 76 of 1984 - SECT 18

18. Sections 45, 46 and 47 of the Principal Act are repealed and the following
section is substituted: Management of Savings Bank

"47. (1) The person occupying, or performing the duties of, a position in the
Service designated by the Board for the purposes of this sub-section shall,
under the Managing Director, manage the Savings Bank.

"(2) The Managing Director and the person managing the Savings Bank pursuant
to sub-section (1) shall, in relation to the management of the Savings Bank,
act in accordance with the policy of the Savings Bank and with the directions
of the Board.".