Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)

Schedule 2   Limited banking licences

Part 1   Authority to carry on banking business for a limited time

Banking Act 1959

1   After paragraph 9A(2)(j)

Insert:

; (k) if the section 9 authority is to cease to have effect on a day specified in the authority - it is unlikely to be appropriate, at or before that day, to grant the body corporate a section 9 authority that is not subject to a time limit.