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.
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