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.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
