Media Release Financial Corporations Act 1974

The Treasurer has delegated to the 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 March 1997, of registered corporations by category and exempt corporations are available on request.

Enquiries

Terry Pittorino
Manager
Non-Bank Intermediaries
Financial System Department
(02) 9551 8760

Manager, Information Office
Reserve Bank of Australia
SYDNEY
(02) 9551 9720

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

I, I.J. MACFARLANE, 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. 96-08 of 3 July 1996, subsequently varied as published in the Reserve Bank of Australia Media Releases No. 96-12 of 2 October 1996 and No. 97-01 of 6 January 1997:

(a) Omit from Category A (Building Societies)

Manchester Unity Building Society Limited, S.A.

(b) Include in Category A (Building Societies)

Lifeplan Australia Building Society Limited, S.A.

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

3M Employees' Credit Union Limited, N.S.W.
Monier Employees' Credit Union Ltd, N.S.W.
Victas Credit Union Co-operative Limited, Victoria
Wyong Shire Council Employees' Credit Union Limited, N.S.W.

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

First Option Credit Union Ltd, Victoria
Tartan Credit Union Ltd, N.S.W.
Wyong Council Credit Union Ltd, N.S.W.

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

Bain Capital Markets Limited, N.S.W.
Commercial & General Capital Limited, W.A.
Credit Suisse Australia (Finance) Limited, A.C.T.
CS First Boston Australia Securities Limited, Victoria
CS First Boston Pacific Capital Markets Limited, A.C.T.
First State Securities Limited, N.S.W.
FML Securities Limited, Queensland
NZI Group Services Australia Limited, N.S.W.
Standard Chartered Australia Limited, N.S.W.
Svenska Australia Limited, N.S.W.

(f) Include in Category D (Money Market Corporations)

Credit Suisse First Boston Australia (Finance) Limited, A.C.T.
Credit Suisse First Boston Australia Securities Limited, Victoria
Credit Suisse First Boston Pacific Capital Markets Limited, A.C.T.
Deutsche Morgan Grenfell Australia Limited, NSW
General Accident Australia and New Zealand Limited, N.S.W.
PBL Securities Limited, N.S.W.

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

DPSPL Pty Limited, A.C.T.

(h) Omit from Category G (General Financiers)

CBW Finance Pty Limited, Victoria
Danard Investments Limited, Victoria
Kent (Australia) Limited, N.S.W.
Lance Finance Pty Limited, N.S.W.
Swanston Mortgage Pty Ltd, Victoria

(i) Include in Category G (General Financiers)

Advance Leasing Limited, S.A.
Ballarat Savings & Loans Limited, Victoria
Fisher & Paykel Finance Pty Limited, Queensland

(j) Omit from Category J (Other Financial Corporations)

Consolidated Capital Markets Limited, N.S.W.

Dated 4 April 1997

I.J. Macfarlane
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)(1)

I, I.J. MACFARLANE, 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)(1) of that Act, by this Order, hereby:

(a) revoke the exemption of the following corporations:

JC No.21 (Australia) Pty Limited
Property Mortgages Pty Limited

(b) exempt the following corporations:

Consolidated Capital Markets Limited
DPSPL Pty Limited
First State Securities Limited
Fleet Systems Pty Limited
FML Securities Limited
H.R.L. Morrison & Co (Australia) Pty Limited
Retail Area Franchise Financing Pty Limited
Swanston Mortgage Pty Ltd

Dated 4 April 1997

I.J. Macfarlane
Governor
Reserve Bank of Australia
For and on behalf of the Treasurer