Page 967 - Week 04 - Wednesday, 17 June 1992
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FINANCIAL INSTITUTIONS (SUPERVISORY AUTHORITY) BILL 1992
MS FOLLETT (Chief Minister and Treasurer) (3.43): I present the Financial Institutions (Supervisory Authority) Bill 1992.
Title read by Clerk.
MS FOLLETT: Mr Deputy Speaker, I move:
That this Bill be agreed to in principle.
As I indicated earlier in my introduction of the Financial Institutions (Application of Laws) Bill, the Financial Institutions (Supervisory Authority) Bill 1992 is the second in the package of three Bills to implement ACT participation in the uniform national scheme for the regulation of building societies and credit unions.
The purpose of this Bill is to establish an ACT supervisory authority for the scheme. The ACT authority is the Registrar of Financial Institutions. The Bill sets out the functions of the registrar, the arrangements for the appointment of the registrar, and the standards of conduct expected of the registrar and his or her staff. Mr Deputy Speaker, I present the explanatory memorandum for the Financial Institutions (Supervisory Authority) Bill 1992.
Debate (on motion by Mr Kaine) adjourned.
FINANCIAL INSTITUTIONS (CONSEQUENTIAL AMENDMENTS)
BILL 1992
MS FOLLETT (Chief Minister and Treasurer) (3.44): I present the Financial Institutions (Consequential Amendments) Bill 1992.
Title read by Clerk.
MS FOLLETT: I move:
That this Bill be agreed to in principle.
Mr Deputy Speaker, as I indicated earlier in my introduction of the Financial Institutions (Application of Laws) Bill, the Financial Institutions (Consequential Amendments) Bill 1992 is the third in the package of three Bills to implement ACT participation in the uniform national scheme for the regulation of building societies and credit unions. The purpose of this Bill is to make consequential amendments to existing ACT legislation, principally to remove references to building societies and credit unions from the Co-operative Societies Act 1939. Mr Deputy Speaker, I present the explanatory memorandum for the Financial Institutions (Consequential Amendments) Bill 1992.
Debate (on motion by Mr Kaine) adjourned.
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