Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)

Schedule 2   Limited banking licences

Part 1   Authority to carry on banking business for a limited time

Banking Act 1959

3   After subsection 9A(3)

Insert:

(3A) The date mentioned in subparagraph (3)(a)(iii) must be:

(a) at least 90 days after the notice under paragraph (3)(a) of this section was given; or

(b) if the section 9 authority is to cease to have effect on a day specified in the authority - at least 21 days after the notice under paragraph (3)(a) of this section was given.