Financial Institutions (Queensland) Act 1992

Queensland FINANCIAL INSTITUTIONS (QUEENSLAND) ACT 1992 Reprinted as in force on 25 August 1997 (includes amendments up to Act No. 33 of 1997) Warning—see last endnote for uncommenced amendments Reprint No. 2A This reprint is prepared by the Office of the Queensland Parliamentary Counsel Warning—This reprint is not an authorised copy

Information about this reprint This Act is reprinted as at 25 August 1997. The reprint shows the law as amended by all amendments that commenced on or before that day (Reprints Act 1992 s 5(c)). The reprint includes a reference to the law by which each amendment was made—see list of legislation and list of annotations in endnotes. This page is specific to this reprint. See previous reprints for information about earlier changes made under the Reprints Act 1992. A table of earlier reprints is included in the endnotes. Also see endnotes for information about— • when provisions commenced • provisions that have not commenced and are not incorporated in the reprint • editorial changes made in earlier reprints.

Queensland FINANCIAL INSTITUTIONS (QUEENSLAND) ACT 1992 TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY Division 1—Introductory 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Division 2—Interpretation 3 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 PART 2—FINANCIAL INSTITUTIONS (QUEENSLAND) CODE AND FINANCIAL INSTITUTIONS (QUEENSLAND) REGULATIONS 4 Application in Queensland of the Financial Institutions Code . . . . . . . . . . 4 5 Application of regulations in force under Pt 3 . . . . . . . . . . . . . . . . . . . . . . . . 4 6 Interpretation of some expressions in the Financial Institutions (Queensland) Code and the Financial Institutions (Queensland) Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 PART 3—POWER TO MAKE REGULATIONS FOR PURPOSES OF FINANCIAL INSTITUTIONS CODE 7 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 8 General regulation-making power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 9 Specific regulation-making powers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 10 Further specific regulation-making powers . . . . . . . . . . . . . . . . . . . . . . . . . . 9 11 Savings and transitional regulation-making power . . . . . . . . . . . . . . . . . . . . 10 PART 4—STATE SUPERVISORY AUTHORITY 12 QOFS is State Supervisory Authority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

2 Financial Institutions (Queensland) Act 1992 PART 5—SPECIAL QUEENSLAND PROVISIONS OF A SAVINGS OR TRANSITIONAL NATURE 13 Interpretation—words etc. used in Financial Institutions (Queensland) Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 14 Mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 15 Transfer of engagements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 16 Directed transfer of engagements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 17 Suspension of operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 18 Administrator etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 19 Proceedings under Building Societies Act 1985 or Credit Societies Act 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 20 Investigations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 21 Special meeting or inquiry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 22 Amount credited to Credit Societies Guarantee Fund . . . . . . . . . . . . . . . . . 15 23 Regulations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 PART 6—MISCELLANEOUS Division 3—Other matters 27 Investment of trust funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 28 Building society may be registered issuer or packager . . . . . . . . . . . . . . . . 17 PART 7—FINANCIAL INSTITUTIONS CODE 30 Financial Institutions Code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ENDNOTES 1 Index to endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 2 Date to which amendments incorporated . . . . . . . . . . . . . . . . . . . . . 18 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 4 Table of earlier reprints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 5 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 6 List of annotations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 7 Provisions that have not commenced and are not incorporated into reprint . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

s1 3 s3 Financial Institutions (Queensland) Act 1992 FINANCIAL INSTITUTIONS (QUEENSLAND) ACT 1992 [as amended by all amendments that commenced on or before 25 August 1997] An Act to provide for the formulation, registration, management and regulation of certain financial institutions, and for other purposes † PART 1—PRELIMINARY † Division 1—Introductory ˙ Short title 1. This Act may be cited as the Financial Institutions (Queensland) Act 1992 . ˙ Commencement 2. This Act commences on a day to be fixed by proclamation. † Division 2—Interpretation ˙ Definitions 3. In this Act— “AFIC (Queensland) Code” has the same meaning as in the Australian Financial Institutions Commission Act 1992 ; “building society” has the meaning given by section 3 (Definitions) of the Financial Institutions (Queensland) Code;

s4 4 s5 Financial Institutions (Queensland) Act 1992 “Financial Institutions (Queensland) Code” means the provisions applying because of section 4; “Financial Institutions (Queensland) Regulations” means the provisions applying because of section 5; “Ministerial Council” has the meaning given by section 3 (Definitions) of the Financial Institutions (Queensland) Code; “SSA” means the Queensland Office of Financial Supervision. † PART 2—FINANCIAL INSTITUTIONS (QUEENSLAND) CODE AND FINANCIAL INSTITUTIONS (QUEENSLAND) REGULATIONS ˙ Application in Queensland of the Financial Institutions Code 4. The Financial Institutions Code set out in section 30 as in force for the time being— (a) applies as a law of Queensland; and (b) as so applying may be referred to as the Financial Institutions (Queensland) Code. ˙ Application of regulations in force under Pt 3 5. The regulations in force for the time being under Part 3— (a) apply as regulations in force for the purposes of the Financial Institutions (Queensland) Code; and (b) as so applying may be referred to as the Financial Institutions (Queensland) Regulations.

s6 5 s6 Financial Institutions (Queensland) Act 1992 ˙ Interpretation of some expressions in the Financial Institutions (Queensland) Code and the Financial Institutions (Queensland) Regulations 6.(1) In the Financial Institutions (Queensland) Code and the Financial Institutions (Queensland) Regulations— “AFIC Code” means the AFIC (Queensland) Code; “continuing association” means— (a) an association of credit societies; or (b) a union of associations of credit societies; registered under the Credit Societies Act 1986 immediately before the commencement of this section; “continuing association of credit unions” means an association of credit societies registered under the Credit Societies Act 1986 immediately before the commencement of this section; “continuing building society” means a permanent building society registered under the Building Societies Act 1985 immediately before the commencement of this section; “continuing credit union” means a credit society registered under the Credit Societies Act 1986 immediately before the commencement of this section; “continuing foreign society” means— (a) a foreign credit society registered under Part 10 of the Credit Societies Act 1986 ; or (b) a body that is— (i) a credit union or credit cooperative under the law of a participating State; and (ii) in relation to which an exemption is in force for the purpose of section 25(3) of the Credit Societies Act 1986 ; immediately before the commencement of this section; “continuing society” means a continuing building society or continuing credit union; “Corporations Law” and “Corporations Regulations” have the

s7 6 s8 Financial Institutions (Queensland) Act 1992 meaning given by Part 3 of the Corporations (Queensland) Act 1990 ; “Legislature of this State” means the Legislative Assembly of Queensland; “Magistrate” means a Stipendiary Magistrate appointed under the Stipendiary Magistrates Act 1991 ; “previous law” means the Building Societies Act 1985 or the Credit Societies Act 1986 ; “Registrar” means the Registrar of Commercial Acts, Brisbane; “the Code” means the Financial Institutions (Queensland) Code; “this State” means the State of Queensland. (2) The Corporations (Queensland) Act 1990 , and the applicable provisions of Queensland within the meaning of that Act, are prescribed for the purpose of section 65(4) of the Financial Institutions (Queensland) Code. † PART 3—POWER TO MAKE REGULATIONS FOR PURPOSES OF FINANCIAL INSTITUTIONS CODE ˙ Interpretation 7.(1) In this Part— “the Code” means the Financial Institutions Code set out in section 30 as in force for the time being. (2) Words and expressions used in the Code have the same respective meanings in this Part. ˙ General regulation-making power 8.(1) The Governor in Council may make regulations for the purposes of the Code.

s9 7 s9 Financial Institutions (Queensland) Act 1992 (2) A regulation may be made only on the recommendation of the Ministerial Council. ˙ Specific regulation-making powers 9.(1) A regulation may make provision with respect to— (a) the keeping of registers and records by the SSA; and (b) the lodging or registration of documents, the time and way of submitting documents for lodgment or registration and the requirements with which documents lodged with the SSA must comply; and (c) prescribing or approving forms for the purposes of the Code, the method of verifying any information required by or in forms and the completion or preparation of forms in accordance with the directions contained in forms; and (d) prescribing fees for the registration or exemption of financial bodies and fees to be paid in relation to any document lodged, filed, registered with or issued by the SSA under the Code or for any act or service required or authorised to be performed by the SSA; and (e) prescribing the way in which, the persons by whom, and the directions or requirements in accordance with which, forms used for the purposes of the Code are required or authorised to be signed, prepared or completed and generally regulating the signing, preparation and completion of forms; and (f) the matters to be contained in the rules of a financial body other than a building society or a credit union; and (g) the summoning of, conduct of, and procedure and voting at meetings required or authorised under the Code to be held, the number of persons constituting a quorum at a meeting, the sending of notices of meetings to persons entitled to attend meetings, the lodging with the SSA of notices of meetings and of resolutions passed at meetings; and (h) the proof of debts of a financial body, the time within which debts can or may be proved and generally regulating the proving of

s9 8 s9 Financial Institutions (Queensland) Act 1992 debts for the purposes of the Code. (2) A regulation may require— (a) if a document required by or under the Code to be lodged or given under the Code is required to be verified or certified and no way of verification or certification is prescribed by the Code—that the documents must be verified or certified by statutory declaration or affidavit made by such persons as are prescribed; or (b) if no express provision is made in the Code for verification or certification of a document—that the documents must be verified or certified by statutory declaration or affidavit made by such persons as are prescribed. (3) A regulation may provide that, if a document that is required by or under the Code to be lodged with, or given to, the SSA is signed or so lodged or given on behalf of a person by the person’s agent duly authorised in writing, there must be— (a) lodged or given with; or (b) endorsed on; or (c) annexed to; the document, the original or a verified copy of the authority. (4) For the purpose of section 408 (Penalty notices) of the Code— (a) a regulation must not prescribe an offence for which the penalty at the time the regulation is made exceeds $25 000; and (b) the maximum prescribed penalty must not exceed 50% of the maximum pecuniary penalty applicable to the offence at the time the regulation is made. (5) A regulation may be made— (a) creating offences against the regulation; and (b) fixing a maximum penalty of a fine of $25 000 for a contravention of the regulation. (6) A power conferred by this section to make a regulation providing for the imposition of fees may be exercised by providing for all or any of the

s 10 9 s 10 Financial Institutions (Queensland) Act 1992 following matters— (a) specific fees; (b) maximum or minimum fees; (c) scales of fees; (d) the reduction, waiver or refund of fees. ˙ Further specific regulation-making powers 10.(1) A regulation may make provision with respect to— (a) the objects of societies and, in particular, may— (i) restrict the application or scope of objects by the imposition of conditions or otherwise; and (ii) make provision of a savings or transitional nature in relation to any such restriction; and (b) the powers of societies and, in particular, may— (i) withdraw powers of a specified kind conferred by the financial institutions legislation or the rules of a society; and (ii) restrict the scope of powers of a specified kind conferred by the financial institutions legislation or the rules of a society; and (iii) make provision of a savings or transitional nature in relation to any such withdrawal or restriction; and (c) the information to be contained in returns to the SSA; and (d) the circumstances in which, and the period within which, returns must be lodged with the SSA; and (e) any documents that must be incorporated in or be given with the returns; and (f) permitting a society subject to any specified conditions, exceptions or qualifications, to insert in an account or report under the Code, in substitution for an amount that the society would be required or permitted to be set out in the accounts or report, an amount ascertained under the regulations (not being an amount

s 11 10 s 11 Financial Institutions (Queensland) Act 1992 that is more than $500 more or less than the first amount); and (g) securities the subject of any offer, invitation or issue to the public by a society and the making of any such offer, invitation or issue, including— (i) the form and contents of disclosure statements; and (ii) the publication and contents of notices, advertisements and reports relating to such securities; and (iii) trust deeds relating to or securing such securities; and (iv) information, records or returns to be kept or given in relation to such securities and the holders of such securities; and (h) allowing financial institutions included in a specified class to issue permanent shares and redeemable preference shares. (2) Subsection (1)(a) does not apply in relation to a primary object of a building society mentioned in section 110 (Primary objects of building societies) of the Code. (3) Without limiting subsection (1)(c), the information that may be required in a return may comprise or include information relating to— (a) a subsidiary of the society; or (b) a body corporate or other entity formed or acquired outside Australia by a subsidiary; or (c) a body corporate or other entity (whether within or outside Australia) with which— (i) the society; or (ii) a subsidiary of the society; or (iii) a body corporate or other entity mentioned in paragraph (b); has invested funds. (4) For the purposes of subsection (1)(f), the insertion of zero is taken to be the insertion of an amount.

s 12 11 s 14 Financial Institutions (Queensland) Act 1992 ˙ Savings and transitional regulation-making power 11.(1) A regulation may make provision of a saving or transitional nature consequent on the commencement of the Code or a provision of the Code. (2) If the regulation so provides, it has effect despite any provision of the Code. † PART 4—STATE SUPERVISORY AUTHORITY ˙ QOFS is State Supervisory Authority 12. The Queensland Office of Financial Supervision is the State Supervisory Authority for Queensland. † PART 5—SPECIAL QUEENSLAND PROVISIONS OF A SAVINGS OR TRANSITIONAL NATURE ˙ Interpretation—words etc. used in Financial Institutions (Queensland) Code 13. Words and expressions used in the Financial Institutions (Queensland) Code have the same respective meanings in this Part. ˙ Mergers 14.(1) A special resolution of a continuing society approving an amalgamation and its terms under— (a) section 118 of the Building Societies Act 1985 ; or (b) section 122 of the Credit Societies Act 1986 ; that has not been registered under the Act before the commencement of this section is taken, for the purpose of section 293(2) of the Financial Institutions (Queensland) Code, to be a special resolution approving a

s 15 12 s 15 Financial Institutions (Queensland) Act 1992 proposed merger. (2) Compliance by a continuing society with— (a) section 121(1) to (3) of the Building Societies Act 1985 ; or (b) section 125(1) to (3) of the Credit Societies Act 1986 ; in relation to an amalgamation is taken to be compliance by the society with section 293(3) and (4) of the Financial Institutions (Queensland) Code in relation to a proposed merger. (3) An application by 2 or more continuing societies to be registered as an amalgamated building society or credit society under— (a) section 118 of the Building Societies Act 1985 ; or (b) section 122 of the Credit Societies Act 1986 ; that has not been determined under the Act before the commencement of this section is taken to be an application for the registration of a merger made under section 293 of the Financial Institutions (Queensland) Code. ˙ Transfer of engagements 15.(1) A special resolution of a continuing society— (a) transferring its engagements to another continuing society under section 119(1) of the Building Societies Act 1985 , or section 123(1) of the Credit Societies Act 1986 ; or (b) undertaking to fulfil the engagements of another continuing society under section 119(2)(a) of the Building Societies Act 1985 , or section 123(2)(a) of the Credit Societies Act 1986 ; that has not been registered under the Act before the commencement of this section is taken, for the purpose of section 293(2) of the Financial Institutions (Queensland) Code, to be a special resolution approving a proposed transfer of engagements. (2) A resolution of a general meeting of a continuing society, or of its board, undertaking to fulfil the engagements of another continuing society under— (a) section 119(2)(b) of the Building Societies Act 1985 ; or (b) section 123(2)(b) of the Credit Societies Act 1986 ;

s 16 13 s 18 Financial Institutions (Queensland) Act 1992 is taken to be an approval, with the consent of the SSA, of a proposed transfer of engagements by the society’s board under section 293(2) of the Financial Institutions (Queensland) Code . (3) Compliance by a continuing society with— (a) section 121(1) to (3) of the Building Societies Act 1985 ; or (b) section 125(1) to (3) of the Credit Societies Act 1986 ; in relation to a transfer of engagements is taken to be compliance by the society with section 293(3) and (4) of the Financial Institutions (Queensland) Code. ˙ Directed transfer of engagements 16. A direction to a continuing society under— (a) section 120 of the Building Societies Act 1985 ; or (b) section 124 of the Credit Societies Act 1986 ; that it transfer its engagements to another continuing society and that is in force immediately before the commencement of this section is taken to be a direction to the society given by the SSA under section 296 of the Financial Institutions (Queensland) Code. ˙ Suspension of operations 17. A direction given to a continuing society under— (a) section 123 of the Building Societies Act 1985 ; or (b) section 128 of the Credit Societies Act 1986 ; that is in force immediately before the commencement of this section is taken to be a direction given to the society by the SSA under section 89 of the Financial Institutions (Queensland) Code. ˙ Administrator etc. 18.(1) An administrator of a continuing society appointed under— (a) section 124 of the Building Societies Act 1985 ; or

s 19 14 s 20 Financial Institutions (Queensland) Act 1992 (b) section 129 of the Credit Societies Act 1986 ; is taken to be appointed by the SSA under section 90 of the Financial Institutions (Queensland) Code. (2) Directors of a continuing society appointed under— (a) section 124(10) of the Building Societies Act 1985 ; or (b) section 129(11) of the Credit Societies Act 1986 ; are taken to have been appointed under section 90(9)(d) of the Financial Institutions (Queensland) Code. (3) Action taken in relation to a continuing society under— (a) section 125 of the Building Societies Act 1985 ; or (b) section 130 of the Credit Societies Act 1986 ; is taken to have been taken by the SSA under section 91 of the Financial Institutions (Queensland) Code. ˙ Proceedings under Building Societies Act 1985 or Credit Societies Act 1986 19.(1) The SSA may institute proceedings under the Building Societies Act 1985 , or the Credit Societies Act 1986 , in relation to a continuing society. (2) For the purpose of subsection (1), a reference in the Act to the Registrar is taken to be a reference to the SSA. ˙ Investigations 20.(1) If, immediately before the commencement of this section, an investigation is being conducted into the affairs of a continuing society under— (a) Division 3 of Part 10 of the Building Societies Act 1985 ; or (b) Division 3 of Part 11 of the Credit Societies Act 1986 ; the investigation may continue under Part 10 of the Financial Institutions (Queensland) Code. (2) For the purpose of continuing the investigation, the SSA may appoint

s 21 15 s 23 Financial Institutions (Queensland) Act 1992 an investigator under section 348 of the Financial Institutions (Queensland) Code. (3) Any document or other information properly obtained by the person conducting the investigation before the commencement of this section may be had regard to by the person continuing the investigation. ˙ Special meeting or inquiry 21.(1) A special meeting or inquiry called or started in relation to a continuing society under— (a) section 179 of the Building Societies Act 1985 ; or (b) section 196 of the Credit Societies Act 1986 ; may continue under the Financial Institutions (Queensland) Code . (2) The meeting is taken to have been called or started under section 87 of the Financial Institutions (Queensland) Code. ˙ Amount credited to Credit Societies Guarantee Fund 22.(1) In this section— “Credit Societies Guarantee Fund” means the fund of that name established under the Credit Societies Act 1986 . (2) The amount standing to the credit of the Credit Societies Guarantee Fund immediately before the commencement of this section, is credited to the Credit Unions Contingency Fund. ˙ Regulations 23.(1) The Governor in Council may make regulations of a savings or transitional nature consequent on the enactment of this Act or the Australian Financial Institutions Commission Act 1992 . (2) A regulation may provide for the continuance, winding-up or distribution of the Permanent Building Societies Contingency Fund established under the Building Societies Act 1985 and has effect despite any provision of that Act. (3) If a regulation so provides, it has effect despite any provision of this

s 27 16 s 27 Financial Institutions (Queensland) Act 1992 Act, the Financial Institutions (Queensland) Code, the Australian Financial Institutions Commission Act 1992 or the AFIC (Queensland) Code. (4) A regulation may be made only on the recommendation of the Ministerial Council. † PART 6—MISCELLANEOUS † Division 3—Other matters ˙ Investment of trust funds 27.(1) On application made by a building society to the SSA for the purpose, the Governor in Council may, by order in council, approve the society for the purposes of section 21(1)(k) of the Trusts Act 1973 . (2) The Governor in Council may make regulations for the purposes of this section. (3) A regulation may be made only on the recommendation of the Ministerial Council. (4) A regulation may prescribe— (a) guidelines for the determination of applications; and (b) requirements with which a building society approved under subsection (1) must comply; and (c) offences punishable on conviction by a maximum penalty of a fine of 200 penalty units for contravention of the requirements. (5) An approval in force under section 227 of the Building Societies Act 1985 immediately before the commencement of this section is taken to be an approval given under subsection (1). (6) A regulation made for the purposes of section 227 of the Building Societies Act 1985 that is in force immediately before the commencement of this section— (a) remains in force for 1 year after the commencement; and

s 28 17 s 30 Financial Institutions (Queensland) Act 1992 (b) is taken to have been made for the purposes of subsection (2) of this section; and (c) applies with any necessary modifications; and (d) may be amended by regulation made under subsection (2). ˙ Building society may be registered issuer or packager 28. A building society may, despite its rules, become a registered issuer or a registered packager under the Mortgages (Secondary Market) Act 1984 and carry on business as such under that Act. † PART 7—FINANCIAL INSTITUTIONS CODE ˙ Financial Institutions Code 30. The Financial Institutions Code is as follows— [The Financial Institutions (Queensland) Code is reprinted as a separate reprint.]

18 Financial Institutions (Queensland) Act 1992 † ENDNOTES ´ 1 Index to endnotes Page 2 Date to which amendments incorporated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 4 Table of previous reprints . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 5 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 6 List of annotations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 7 Provisions that have not commenced and are not incorporated into reprint . . 20 ´ 2 Date to which amendments incorporated This is the reprint date mentioned in the Reprints Act 1992, section 5(c). Accordingly, this reprint includes all amendments that commenced operation on or before 25 August 1997. Future amendments of the Financial Institutions (Queensland) Act 1992 may be made in accordance with this reprint under the Reprints Act 1992, section 49. 3 ´ AIA amd ch def div exp gaz hdg ins lap notfd om o in c p para prec pres prev = = = = = = = = = = = = = = = = = = Key Key to abbreviations in list of legislation and annotations Acts Interpretation Act 1954 amended chapter definition division expires/expired gazette heading inserted lapsed notified omitted order in council page paragraph preceding present previous (prev) proc prov pt pubd R[X] RA reloc renum rep s sch sdiv SIA SL sub unnum = = = = = = = = = = = = = = = = = previously proclamation provision part published Reprint No.[X] Reprints Act 1992 relocated renumbered repealed section schedule subdivision Statutory Instruments Act 1992 subordinate legislation substituted unnumbered

19 Financial Institutions (Queensland) Act 1992 ´ 4 Table of earlier reprints TABLE OF EARLIER REPRINTS [If a reprint number includes an arabic letter, the reprint was released in unauthorised, electronic form only.] Reprint No. 1 2 Amendments included none to Act No. 27 of 1994 Reprint date 1 July 1992 20 July 1994 ´ 5 List of legislation Financial Institutions (Queensland) Act 1992 No. 7 date of assent 27 March 1992 ss 1–2 commenced on date of assent remaining provisions commenced 1 July 1992 (SL No. 168 gaz 26 June 1992 p 2045) as amended by— Financial Institutions Legislation Amendment Act 1994 No. 27 pts 1–2 date of assent 28 June 1994 ss 1–2 commenced on date of assent remaining provisions commenced 1 July 1994 (1994 SL No. 222) Financial Institutions Legislation Amendment Act 1997 No. 33 ss 1–2(1), (2) pt 5 date of assent 18 July 1997 s 125 not yet proclaimed into force ss 124, 126 commenced 1 July 1992 (see s 2(2)) remaining provisions commenced on date of assent ´ 6 List of annotations Interpretation of some expressions in the Financial Institutions (Queensland) Code and the Financial Institutions (Queensland) Regulations s 6 def “Friendly Societies Code” ins 1997 No. 33 s 125 Amount credited to Credit Societies Guarantee Fund s 22 amd 1997 No. 33 s 126 Division 1—Repeal of Credit Societies Act div 1 (s 24) om R1 (see RA s 40) Division 2—Amendment of Building Societies Act div 2 (s 25) om R1 (see RA s 40)

20 Financial Institutions (Queensland) Act 1992 Replacement of s 3 (Arrangement of Act) s 26 om R1 (see RA s 40) Penalty Units Act does not apply s 29 om 1994 No. 27 s 4 ´ 7 Provisions that have not commenced and are not incorporated into reprint The following provisions are not incorporated in this reprint because they had not commenced before the reprint date (see Reprints Act 1992, s 5(c)). Financial Institutions Legislation Amendment Act 1997 No. 33 s 125 reads as follows— Amendment of s 6 (Interpretation of some expressions in the Financial Institutions (Queensland) Code and the Financial Institutions (Queensland) Regulations) 125. Section 6(1)— insert— ‘ “Friendly Societies Code” means the Friendly Societies (Queensland) Code.’. © State of Queensland 1997