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Banking Amendment (Controls on Variable Interest Rate Changes) Bill 2010

 

2010

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

Banking Amendment (Controls on Variable Interest Rate Changes) Bill 2010

 

No.      , 2010

 

(Senator Bob Brown)

 

 

 

A Bill for an Act to amend the Banking Act 1959 to place controls on changes in the variable interest rates of ADIs, and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 1

Schedule 1—Amendment of the Banking Act 1959                                           1



A Bill for an Act to amend the Banking Act 1959 to place controls on changes in the variable interest rates of ADIs, and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the Banking Amendment (Controls on Variable Interest Rate Changes) Act 2010 .

2   Commencement

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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.