Banking Act 1959

Part II - Provisions relating to the carrying on of banking business  

Division 1 - Authority to carry on banking business  

SECTION 9B   Bodies that cease to exist or change their names  

(1)  
If APRA is satisfied that a body corporate that has been granted a section 9 authority:


(a) has ceased to exist; or


(b) has changed its name;

APRA must cause notice of that fact to be published in the Gazette . APRA may also cause notice of that fact to be published in any other way it thinks appropriate.

(2)  
If the body corporate has ceased to exist, its section 9 authority is taken to be revoked on publication of the notice in the Gazette .

(3)  
If the body corporate has changed its name, its section 9 authority has effect after the publication of the notice in the Gazette as if it had been granted to the body under its changed name.




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