Western Australian Repealed Regulations

This legislation has been repealed.

FINANCIAL INSTITUTIONS (TRANSITIONAL) REGULATIONS 1993 - REG 2

2 .         Buy-back of certain permanent shares in continuing credit unions

        (1)         A credit union that was registered under the Credit Unions Act 1979 immediately before the commencement of the Financial Institutions (Western Australia) Act 1992 may, under its rules and with the approval of the SSA, cancel any permanent shares issued by it before that commencement.

        (2)         Subregulation (1) has effect despite any provisions of the Financial Institutions (Western Australia) Code or the AFIC (Western Australia) Code .