Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 (126 of 2015)

Schedule 1   Consequential amendments

Part 1   Main amendments

Banking Act 1959

72   Subsection 5(10)

Repeal the subsection, substitute:

(10) Despite subsection 12(1) of the Legislation Act 2003, the declaration or amendment commences from the time it is made.

(11) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to the declaration or amendment.