Give feedback on draft amendments to:
section 69B of the Banking Act 1959
ministerial rules under the Financial Accountability Regime (FAR) Act.
Amendments to section 69B of the Banking Act 1959
The amendments increase the withdrawal limit to $30,000 from $15,000. They allow payment of court filing fees when applying for:
probate of a deceased person's will
letters of administration of a deceased person's estate.
Changes to the FAR Minister Rules
The enhanced notification threshold for banks would increase to $30 billion from $20 billion.
Banks with assets worth more than this have more reporting obligations under the FAR.
Submit your response
You must submit your response on this website.
Before you submit
To help you prepare your response, we recommend that you:
- read the supporting documents
- prepare your response in Word (DOCX or RTF) format, you can also upload PDF files as an alternative
- read our submission guidelines
- read our privacy policy.
You must agree to our privacy collection statement to submit your response.
If you have any issues submitting your response, you can contact us.
