Australian Capital Territory Numbered Regulations

CO-OPERATIVE SOCIETIES REGULATIONS (AMENDMENT) (NO. 11 OF 1990) - NOTES

NOTES

1. Notified in the ACT Gazette on 30 July 1990.

2. Regulations 1945 No. 2 as amended by 1956 No. 13; 1979 Nos. 24 and 27; 1980 No. 3; 1982 Nos. 52 and 53; 1985 Nos. 8 and 18; 1986 Nos. 1, 2 and 25; 1987 No. 12; Ordinance No. 21, 1989.

© Australian Capital Territory 2003

AUSTRALIAN CAPITAL TERRITORY

Regulations 1990 No. 11¹

The Australian Capital Territory Executive hereby makes the following Regulation under the Co-operative Societies Act 1939.

Dated 17th July 1990.

TREVOR T. KAINE

Chief Minister

CRAIG DUBY

Minister

Loan limits—registered credit societies

Regulation 2AF of the Co-operative Societies Regulations is amended—

(a) by omitting from paragraph (1) (b) “$15,000” and substituting “$20,000”;

(b) by omitting from subregulation (2) “$7,000” and substituting “$20,000”;

(c) by omitting from subregulation (3) “$20,000” and substituting “$30,000”;

(d) by omitting from paragraph (4) (a) “$20,000” and “15 years” and substituting “$30,000” and “20 years” respectively;

(e) by omitting paragraph (4) (b) and substituting the following paragraph:

“(b) in any other case—

(i) 30 years; or

(ii) where the Board is satisfied that the member is experiencing financial difficulty—35 years.”; and

(f) by omitting from subregulation (5) “5 years” and substituting “7 years”.