Download Word
Download PDF2010
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
Banking Amendment (Delivering Essential Financial Services) Bill 2010
No. , 2010
(Mr Bandt)
A Bill for an Act to deliver essential financial services at reasonable cost, fair loans and mortgages and increased competition for the community, and for related purposes
Contents
1 Short title........................................................................................................ 1
2 Commencement.............................................................................................. 1
3 Schedule......................................................................................................... 2
Schedule 1—Amendment of the Banking Act 1959 3
Part 1—Conditions on banks’ authorities 3
9AA Variation of conditions of banks’ authorities—accounts.......................... 3
Part 2—Fixed interest gap loans and mortgages 9
9AB Variation of conditions of authorities—fixed interest gap loans and mortgages 9
Part 3—Exit fees on loans and mortgages 10
9AC Variation of conditions of authorities—loan and mortgage products...... 10
A Bill for an Act to deliver essential financial services at reasonable cost, fair loans and mortgages and increased competition for the community, and for related purposes
The Parliament of Australia enacts:
This Act may be cited as the Banking Amendment (Delivering Essential Financial Services) Act 2010 .
This Act commences on the day after it receives the Royal Assent.
The Banking Act 1959 is amended as set out in Schedule 1.