An Act to make provision, consequential on the enactment of the Commonwealth Bank Act 1953 by the Parliament of the Commonwealth, with respect to the construction of references in State legislation to the Commonwealth Bank of Australia; and for purposes connected therewith.
1 Name of Act and commencement
(1) This Act may be cited as the Commonwealth Bank (Interpretation) Act 1953.(2) This Act shall be deemed to have commenced upon the third day of December, one thousand nine hundred and fifty-three.
2 References to Commonwealth Bank of Australia
(1) As on and from the commencement of this Act a reference in the Moratorium Act 1932–1950 to the Commonwealth Bank of Australia shall be read and construed as including a reference to the Commonwealth Trading Bank of Australia, the Reserve Bank of Australia and the Commonwealth Development Bank of Australia.(2)(a) In this subsection:Act means any Act (other than the Anzac Memorial (Building) Act 1923–1934, the Coal Industry Act 1946, the Commonwealth and State Banks Agreements Ratification Act 1931, the Commonwealth and State Banks Agreement Ratification Act 1935, the Commonwealth and State Bank Agreement Ratification Act 1937, the Government Savings Bank (Amendment) Act 1931 and the Moratorium Act 1932–1950) passed before the commencement of this Act.Regulation means any regulation, rule, by-law, ordinance or other like instrument made under any Act before the commencement of this Act.(b) As on and from the commencement of this Act a reference in any Act or regulation to the Commonwealth Bank of Australia or to the Commonwealth Bank shall, subject to paragraph (c) of this subsection, be read and construed as a reference to the Commonwealth Trading Bank of Australia.(c) The Governor may, by order, published in the Gazette, declare that, as on and from a day to be specified in the order, the provisions of paragraph (b) of this subsection shall not apply to any Act or regulation specified in the order or, as the case may be, to such provisions of any Act or regulation as may be so specified.The day so specified may be earlier than the date on which the order is made or published in the Gazette.Any order under this paragraph shall have effect according to its tenor.(3) (Repealed)s 2: Am 1959 No 32, sec 2 (1); 1965 No 8, sec 3 (1) (a).