Banking Act 1959

Part IX - Miscellaneous  

SECTION 68   Bank holidays  

(1)  
The Treasurer may, by notice published in the Gazette , declare a day specified in the notice to be a bank holiday.

(2)  


An ADI is not, on a day so declared to be a bank holiday, compellable to make a payment or to do any other act that the ADI would not be compellable to make or do on a Sunday and the obligation to make the payment or to do the act shall be deemed to be an obligation to make the payment or to do the act on the next day which is not a Sunday, a bank holiday or a public holiday.

(3)  
This section does not affect the operation of any law of a State or Territory relating to bank holidays or public holidays.

(4)  


In this section:

ADI
includes the Reserve Bank.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.