Banking Act 1959

S 39B repealed by No 88 of 2009, s 3 and Sch 5 item 245, effective 18 September 2009. S 39B formerly read:

SECTION 39B Granting of authorities by Reserve Bank subject to taxation clearance  
(1)
Where regulations made under section 39 contain a provision prohibiting the doing of an act or thing without the authority of the Reserve Bank and an application is made to the Bank for the authority of the Bank to do that act or thing, then:

(a) if the act or thing is of a kind specified in a notice in force under subsection (2) of this section - the Bank shall not grant that authority unless there is produced to the Bank, in respect of that act or thing, a tax clearance certificate issued under section 14C of the Taxation Administration Act 1953 in respect of that act or thing; or

(b) in any other case - the Bank may refuse to grant that authority unless there is produced to the Bank such a certificate;

but the foregoing shall not be taken as limiting the discretion of the Bank to refuse to grant any such authority on any other ground.

(2)
The Treasurer may, by notice in writing published in the Gazette , direct that acts or things of a kind specified in the notice are, on and after the date of publication of the notice or such later date as is specified in the notice, acts or things of a kind to which this section applies.