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Tuesday, 31 May 1960


Mr Cairns s asked the Treasurer, upon notice -

1.   What businesses are being studied to ascertain their relation to the provisions of Part II., Division 1, of the Banking Act 1959 and the application of those provisions?

2.   Will he state the results of this study as soon as they are available?


Mr Harold Holt - The honorable member's question is under consideration and a reply will be forwarded to him by letter.


Mr Cairns s asked the Treasurer, upon notice -

1.   When the terms " any banking business " and " the general business of banking " in the Banking Act 1959 are applied to individual cases to determine their relevance, who applies them and what factors are taken into account in their application?

2.   Is the application of these terms (a) a matter of policy, or (b) the application of the meaning of certain words to particular kinds of business activity?


Mr Harold Holt - The honorable member's question is under consideration and a reply will be forwarded to him by letter.







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