Title Banking Amendment (Delivering Essential Financial Services for the Community) Bill 2010
Database Bills & Legislation
Long Title A Bill for an Act to deliver essential financial services at reasonable cost, fair mortgages for families and increased competition for the community, and for related purposes
Date 15-06-2010 03:55 PM
Source Senate
Parl No. 42
Bill Number 134/10
Bill Type Private
Reps Bill Code O
Status Before Senate
System Id legislation/bills/s755_first/0001


Banking Amendment (Delivering Essential Financial Services for the Community) Bill 2010

2008‑2009‑2010

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

Presented and read a first time

 

 

 

 

Banking Amendment (Delivering Essential Financial Services for the Community) Bill 2010

 

No.      , 2010

 

(Senator Bob Brown)

 

 

 

A Bill for an Act to deliver essential financial services at reasonable cost, fair mortgages for families 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 mortgages                                                                   9

Part 3—Exit fees on mortgages                                                                             11

 


A Bill for an Act to deliver essential financial services at reasonable cost, fair mortgages for families 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 for the Community) 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                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.