Save Search

Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Banking Amendment (Delivering Essential Financial Services) Bill 2010 (No. 2)

 

2010

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Banking Amendment (Delivering Essential Financial Services) Bill 2010

 

No.      , 2010

 

(Senator Bob Brown)

 

 

 

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(s)......................................................................................... 2

Schedule 1—Amendment of the Banking Act 1959                                           3

Part 1—Conditions on banks’ authorities                                                            3

Part 2—Fixed interest gap loans and mortgages                                              9

Part 3—Exit fees on loans and mortgages                                                         11

 



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:

1   Short title

                   This Act may be cited as the Banking Amendment (Delivering Essential Financial Services) Act 2010 .

2   Commencement

                   This Act commences on the day after it receives the Royal Assent.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.