Media Release Financial Corporations Act 1974

Number 1999-03
Date

The Governor of the Reserve Bank has the powers under the Financial Corporations Act 1974 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 of registered corporations by category and exempt corporations as at 31 March 1999 are available on request.

Enquiries

Peter Stebbing
Financial System Group
(02) 9551 8764

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, I.J. Macfarlane, GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, pursuant to Subsection 10(2) of the Financial Corporations Act 1974, hereby make the following variation to the list of registered corporations as published in the Reserve Bank of Australia Media Release No. 98-11 of 6 July 1998, subsequently varied as published in the Reserve Bank of Australia Media Release No. 98-14 of 9 October 1998 and No. 99-01 of 7 January 1999:

Omit from Category B (Credit Co-operatives)

Blacktown City Council Employees' Credit Union Limited, N.S.W.
Brisbane City Council Credit Union Ltd, Queensland
Dubbo Post-Tel Credit Union Ltd, N.S.W.
First Option Credit Union Ltd, Victoria
Forestry Commission Staff Credit Union Ltd, N.S.W.
Hardie (Qld.) Employees' Credit Union Limited, Queensland

Include in Category B (Credit Co-operatives)

Post-Tel Credit Union Ltd, N.S.W.

Omit from Category D (Money Market Corporations)

Hanil Finance Australia Limited, N.S.W.
Toyo Trust Australia Limited, N.S.W.

Include in Category D (Money Market Corporations)

Hanvit Finance Australia Limited, N.S.W.

Omit from Category F (Finance Companies)

EFG Finance Leasing Limited, S.A.
Flag Finance Limited, A.C.T.

Omit from Category G (General Financiers)

Associated Radio Finance (Australia) Limited, N.S.W.
IBM Australia Credit Limited, N.S.W.
Priority One Financial Services Limited, N.S.W.

Include in Category G (General Financiers)

IBM Global Financing Australia Limited, N.S.W.

Omit from Category H (Retailers)

P.F. Collier Inc., U.S.A.

Include in Category H (Retailers)

Atlas Editions Holdings Pty Ltd, N.S.W.

Omit from Category I (Intra Group Financiers)

Pacific Dunlop Finance (Aust.) Pty Ltd, Victoria

Dated 7 April 1999

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

I, I.J. Macfarlane, GOVERNOR OF THE RESERVE BANK OF AUSTRALIA, pursuant to Subsection 8(2)(l) of the Financial Corporations Act 1974, hereby:

Exempt the following corporations:

Flag Finance Limited
Pacific Dunlop Finance (Aust.) Pty Ltd
Priority One Financial Services Limited

Dated 7 April 1999

I.J. Macfarlane
Governor
Reserve Bank of Australia