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Banking (Savings Banks) Regulations



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TREASURER

EMBARGO

NO. 9

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP .

BANKING (SAVINGS BANKS) REGULATIONS .

In my 1978 Budget Speech I announced that the Banking

(Savings Banks) Regulations were to be reviewed with

the intention of giving banks more flexibility in

determining the composition of their assets.

That review has now been completed. It has been decided,

however, that, with the final report and recommendations of

the Campbell Committee expected by about the middle of this

year, it would be appropriate to defer any significant change

to the Regulations until the Government has had the opportunity

to consider the Committee's report.

CANBERRA ACT

28 January 1981