Banking exemption No. 2 of 2014

Link to law: https://www.comlaw.gov.au/Details/F2014L01401

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Banking exemption No. 2 of 2014
 
Banking Act 1959
 
 
SINCE
 
A.                on 13 June 2014 APRA determined by Banking exemption No. 1 of 2014 (the Order) under subsection 11(1) of the Banking Act 1959 (the Act), that subject to conditions, sections 7 and 8 of the Act did not apply to the class of persons described in the attached Schedule for the period specified in the Order; and
B.                 the Order was registered on the Federal Register of Legislative Instruments on 23 June 2014.
 
 
I, Sarah Goodman, a delegate of APRA, under subsection 11(4) of the Act, REVOKE Banking exemption No. 1 of 2014.
 
This order takes effect on the date it is registered on the Federal Register of Legislative Instruments.
 
 
Dated:   13 October 2014
 
[Signed]
 
 
 
Sarah Goodman
Executive General Manager Supervisory Support Division APRA
 
Interpretation                                                                                        Document ID: 214608
In this order
APRA means the Australian Prudential Regulation Authority.
Federal Register of Legislative Instruments means the register established under section 20 of the Legislative Instruments Act 2003.
 
Schedule- the class of persons to whom the revoked order applied
 
The revoked order applied to:
 
1.         a person who is a controlling entity of a fund in the list below; and
 
2.         a fund that is a body corporate, or a body corporate that is a controlling entity of a fund, in the list below:
 
•        Anglican Funds – South Australia
•        Anglican Community Fund (Inc) (previously known as Anglican Deposit Fund Perth (Inc))
•        Anglican Development Fund – Gippsland
•        Anglican Development Fund (Diocese of Melbourne)
•        Anglican Development Fund (Diocese of Tasmania)
•        Anglican Development Fund Diocese of Bathurst
•        Anglican Financial Services (ANFIN) (Diocese of Brisbane)
•        Anglican Investment and Development Fund
•        Anglican Managed Investments Fund Diocese of Bathurst
•        Anglican Savings and Development Fund Diocese of Newcastle
•        Archdiocese of Adelaide – Catholic Development Fund
•        Archdiocese of Brisbane – Archdiocesan Development Fund (or The Corporation of the Trustees of the Roman Catholic Archdiocese of Brisbane)
•        Archdiocese of Canberra and Goulburn – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Archdiocese of Canberra and Goulburn (ACT) & (NSW))
•        Archdiocese of Hobart – Catholic Development Fund
•        Archdiocese of Melbourne – Catholic Development Fund
•        Archdiocese of Perth – Catholic Development Fund
•        Archdiocese of Sydney – Catholic Development Fund (or The Trustees of the Roman Catholic Church for the Archdiocese of Sydney)
•        Armidale Diocesan Investment Group
•        Assemblies of God in Australia Ltd
•        Baptist Financial Services Australia Limited
•        Catholic Development Fund Diocese of Port Pirie
•        Centenary Development Foundation
•        Christian Outreach Centre
•        Churches of Christ Building Extension Mutual Fund Incorporated
•        Diocesan Development Fund – Anglican Diocese of Bendigo
•        Diocesan Development Fund (Diocese of Armidale)
•        Diocese of Ballarat – Catholic Development Fund
•        Diocese of Bathurst – Catholic Development Fund
•        Diocese of Broken Bay – Catholic Development Fund (or Trustees of the Roman Catholic Church for the Diocese of Broken Bay)
•        Diocese of Bunbury – Catholic Development Fund
•        Diocese of Cairns – Catholic Development Fund (or The Roman Catholic Trust Corporation for the Diocese of Cairns)
•        Diocese of Darwin – Diocesan Development Fund (or Catholic Church of the Diocese of Darwin Property Trust – Darwin Diocesan Development Fund)
•        Diocese of Lismore – Diocesan Investment Fund (or The Trustees of the Roman Catholic Church for the Diocese of Lismore)
•        Diocese of Maitland – Newcastle – Catholic Development Fund (or The Trustees of Church Property for the Diocese of Newcastle)
•        Diocese of Parramatta – Diocesan Development Fund
•        Diocese of Rockhampton – Diocesan Development Fund
•        Diocese of Sale – Catholic Development Fund
•        Diocese of Sandhurst – Diocesan Development Fund
•        Diocese of Toowoomba – Diocesan Development Fund
•        Diocese of Townsville – Diocesan Development Fund
•        Diocese of Wagga Wagga – Diocesan Provident Fund (or The Trustees of the Roman Catholic Church for the Diocese of Wagga Wagga)
•        Diocese of Wollongong – Catholic Development Fund
•        EFKS Financial and Investment Services
•        Glebe Income Accounts (Anglican Church Diocese of Sydney)
•        Lutheran Lay People’s League of Australia Incorporated
•        Riverina Anglican Development Fund
•        Stewards’ Foundation of Christian Brethren
•        Temple Society Australia
•        The Baptist Union of Queensland
•        The Churches of Christ Property Trust
•        The Corporate Trustees of the Diocese of Grafton – Grafton Diocese Investment Fund
•        The Properties Corporation of the Churches of Christ
•        The Uniting Church in Australia Property Trust (SA)
•        The Uniting Church Investment Service
•        UCA Funds (incorporating UCA Cash Management Fund Limited, UCA Growth Fund Limited, UCA Funds Management Limited, the Development Fund, The Uniting Church in Australia Property Trust (Victoria) and the Funeral Fund)
•        Uniting Church in Australia Synod of Western Australia Uniting Church Investment Fund
•        Uniting Financial Services (incorporating The Uniting Church (NSW) Trust Association Limited, The Uniting Church in Australia Property Trust (NSW), the Funeral Fund and the Self– Help Fund)
•        Wangaratta Anglican Development Fund
 
Definitions
 
In this Schedule:
 
controlling entity means a person or body corporate who or which is a trustee of, or otherwise concerned in the management of, a fund.