Banking Act 1959
Part II
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Provisions relating to the carrying on of banking business
Division 3A
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Covered bonds
SECTION 25
25
Application of Division
This Division does not apply in relation to:
(a) a foreign ADI; or
(b) a bond, note or other debenture, liabilities in relation to which are secured wholly by assets that are not in Australia.
View history note
Hide history noteThis Division does not apply in relation to:
(a) a foreign ADI; or
(b) a bond, note or other debenture, liabilities in relation to which are secured wholly by assets that are not in Australia.
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