Media Release Financial Corporations Act 1974

Number 98-01
Date

The Treasurer has delegated to the Governor or the Deputy Governor of the Reserve Bank powers under the Financial Corporations Act relating to:

  • categorisation of registered corporations; and
  • exemption of corporations from the application of the Act.

Attached to this Media Release are copies of orders made under the abovementioned powers. Complete lists, as at 31 December 1997, of registered corporations by category and exempt corporations are available on request.

Enquiries

Bryan Fitz-Gibbon
Acting Senior Manager
Surveillance
Financial System Department
(02) 9551 8740

Manager, Information Office
Reserve Bank of Australia
SYDNEY
(02) 9551 8111

COMMONWEALTH OF AUSTRALIA
Financial Corporations Act 1974
VARIATION OF LIST OF REGISTERED CORPORATIONS

I, G.J. THOMPSON, DEPUTY GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, by virtue of powers granted under Section 22A of the Financial Corporations Act 1974 and pursuant to Subsection 10(2) of that Act, hereby make the following variation to the list of registered corporations as published in the Reserve Bank of Australia Media Release No. 97-12 of 2 July 1997, subsequently varied as published in the Reserve Bank of Australia Media Release No. 97-17 of 2 October 1997:

(a) Omit from Category B (Credit Co-operatives)

Boral Employees' Credit Union Limited, N.S.W.
Health Services Credit Co-operative Limited, Victoria
PICCOL Credit Co-operative Limited, Victoria
Ryde Council Employees Credit Union Ltd, N.S.W.
Sunstate Credit Union Ltd, Queensland
Transrail Credit Union Limited, N.S.W.
W.A. Fire Brigades Employees Credit Union Society Ltd, W.A.

(b) Include in Category B (Credit Co-operatives)

Encompass Credit Union Limited, N.S.W.
Pulse Credit Union Limited, Victoria

(c) Omit from Category D (Money Market Corporations)

Daiwa Finance Australia Limited, N.S.W.
NCA Securities Limited, N.S.W.

(d) Omit from Category E (Pastoral Finance Companies)

Gippsland and Northern Company Limited, N.S.W.
GNPL Limited, N.S.W.
LFD Limited, Victoria
RFDL Limited, N.S.W.

(e) Include in Category E (Pastoral Finance Companies)

GNPL Limited, N.S.W.

(f) Omit from Category F (Finance Companies)

GE Capital Australia Limited, A.C.T.

(g) Include in Category F (Finance Companies)

GE Capital Australia, A.C.T.

(h) Omit from Category G (General Financiers)

Grosvenor Mortgage Management Pty Ltd, N.S.W.

(i) Include in Category G (General Financiers)

Grosvenor Funds Management Pty Limited, N.S.W.
Liberty Financial Pty Ltd, Victoria

Dated 31 December 1997

G.J. Thompson
Deputy Governor
Reserve Bank of Australia
For and on behalf of the Treasurer

COMMONWEALTH OF AUSTRALIA
Financial Corporations Act 1974
ORDER FOR THE PURPOSES OF PARAGRAPH 8(2)(l)

I, G.J. THOMPSON, DEPUTY GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, by virtue of powers granted under Section 22A of the Financial Corporations Act 1974 and pursuant to Subsection 8(2)(l) of that Act, by this Order, hereby:

(a) revoke the exemption of the following corporations:

AEFC Advisory Services Limited
AEFC Leasing Pty Limited
AEFC Securities Limited
Australian Association of Co-operatives Ltd
Australian Banks' Export Re-Finance Corporation Limited
CCF Australia Investments Limited
DPSPL Pty Limited
Farrow Finance Company Limited
Henty Corporation Limited
Mansours of Auburn Pty Limited
NIAA Corporation Limited
Pan Australian Holdings Pty Ltd
Paramount Financial Services Pty Ltd
Prime Credit Corporation Pty Ltd
SBC Warburg Australia Discount Limited
Tricontinental Australia Limited
Tricontinental Corporation Limited

(b) exempt the following corporations:

Daiwa Finance Australia Limited
GNPL Limited

Dated 31 December 1997

G.J. Thompson
Deputy Governor
Reserve Bank of Australia
For and on behalf of the Treasurer