Banking Act 1959 definition

Banking Act 1959 means the Banking Act 1959 of the Commonwealth as amended and in force for the time being; ’ ;
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Banking Act 1959 means the Banking Act 1959 of the Commonwealth of Australia;
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Examples of Banking Act 1959 in a sentence

  • The Grant must be held in an account in the Grantee's name and which the Grantee controls, with an authorised deposit-taking institution authorised under the Banking Act 1959 (Cth).

  • The Grantee must ensure that the Grant is held in an account in the Grantee’s name and which the Grantee controls, with an authorised deposit-taking institution authorised under the Banking Act 1959 (Cth) to carry on banking business in Australia.

  • A business carrying on a bank business as defined in section 5 of the Banking Act 1959 (CTH), the Reserve Bank or Bank constituted under State law.

  • Macquarie Bank is an “authorised deposit-taking institution” (“ADI”) as that term is defined under the Banking Act 1959 of Australia (“Banking Act”).

  • The Recipient must: ensure that the Funds are held in an account in the Recipient’s name and which the Recipient solely controls, with a deposit-taking institution authorised under the Banking Act 1959 (Cth) to carry on banking business in Australia; and identify the receipt and expenditure of the Funds separately and any interest accrued on the Funds within the Recipient’s accounts and records so that the Funds are identifiable at all times.

  • ADI means an authorised deposit taking institution within the meaning of the Banking Act 1959 (Cth) as defined in section 4 of the Acts Interpretation Act 1915 (SA).

  • Making payments The Grantee must ensure that the Grant is held in an account in the Grantee’s name and which the Grantee controls, with an authorised deposit-taking institution authorised under the Banking Act 1959 (Cth) to carry on banking business in Australia.

  • Macquarie Group Limited is not an “authorised deposit-taking institution” (“ADI”) for the purposes of the Banking Act 1959 of Australia (“Banking Act”), and its obligations do not represent deposits or other liabilities of its subsidiary, Macquarie Bank Limited.

  • Macquarie Group Limited is not an authorised deposit-taking institution (“ADI”) for the purposes of the Banking Act 1959 of Australia (“Banking Act”), and its obligations do not represent deposits or other liabilities of its subsidiary, Macquarie Bank Limited.

  • Macquarie Bank is an “authorised deposit-taking institution” (“ADI”) as that term is defined under the Banking Act 1959 (Cth) of Australia (the“Banking Act”).