Australian Capital Territory
Regulations 1990   No. 111

Co-operative Societies Regulations2 (Amendment)
The Australian Capital Territory Executive hereby makes the following Regulation under the Co-operative Societies Act 1939. 
Dated 17th July 1990.
	TREVOR T. KAINE
	Chief Minister
	CRAIG DUBY
	Minister

Loan limits—registered credit societies
Regulation 2AF of the Co-operative Societies Regulations is amended—
	(a)	by omitting from paragraph (1) (b) “$15,000” and substituting “$20,000”;
	(b)	by omitting from subregulation (2) “$7,000” and substituting “$20,000”;
	(c)	by omitting from subregulation (3) “$20,000” and substituting “$30,000”;
	(d)	by omitting from paragraph (4) (a) “$20,000” and “15 years” and substituting “$30,000” and “20 years” respectively;
	(e)	by omitting paragraph (4) (b) and substituting the following paragraph:
	“(b)	in any other case—
	(i)	30 years; or
	(ii)	where the Board is satisfied that the member is experiencing financial difficulty—35 years.”; and
	(f)	by omitting from subregulation (5) “5 years” and substituting “7 years”.

NOTES
1.	Notified in the ACT Gazette on 30 July 1990.
2.	Regulations 1945 No. 2 as amended by 1956 No. 13; 1979 Nos. 24 and 27; 1980 No. 3; 1982 Nos. 52 and 53; 1985 Nos. 8 and 18; 1986 Nos. 1, 2 and 25; 1987 No. 12; Ordinance No. 21, 1989.

©  Australian Capital Territory 1990