Australian capital territory regulations 1986 No. 11 Co-operative Societies Regulations2 (Amendment)

“2AE. (1) For the purposes of the definition of ‘weighted amount’ in sub-section 14CG (1) of the Ordinance, each of the classes of assets specified in column 2 of Schedule 2 is a prescribed class of assets of a building society.

“(2) For the purposes of the definition of ‘weighted percentage’ in sub-section 14CG (1) of the Ordinance, the percentage specified in column 3 of an item in Schedule 2 is the percentage prescribed in relation to the class of assets specified in column 2 of that item.

“(3) In Schedule 2—

‘bank’ means a bank carrying on business in Australia;

‘loans’ include any accrued interest or other amounts payable in respect of the loans;

‘prescribed securities’ means—

(a) securities issued by or giving recourse to a bank;

(b) securities issued by or giving recourse to the Government of the Commonwealth or of a State or internal Territory; and

(c) securities issued by or giving recourse to a public authority;

‘public authority’ means—

(a) a corporation established for a public purpose by a law of the Commonwealth, a State or an internal Territory;

(b) a city, county, municipal or shire council in Australia; and

(c) a body corporate established by a law of the Commonwealth, a State or an internal Territory.”.