📜 Building Societies Amendment Bill 2001
Assented toLCBill 51 May 2001
This Bill amends the Building Societies Act 1976 to rename it the Housing Societies Act 1976, redefine key terms, and modify the powers and operations of housing societies. It also makes consequential amendments to other Acts.
Impact
Building societies in Western Australia will be affected by the changes to their powers and operational requirements. The changes also affect other Acts that reference the Building Societies Act 1976. The public may be affected by changes to how these societies operate.
Key Changes
["Renames 'Building Societies Act 1976' to 'Housing Societies Act 1976'", "Redefines 'society' to focus on terminating societies", "Prohibits societies from having subsidiaries"]
Parliamentary Progress
- LC Second Reading MovedLC3 May 2001
- LC Second Reading AgreedLC12 June 2001
- LC Third ReadingLC12 June 2001
- LA Second Reading MovedLA13 June 2001
- LA Second Reading AgreedLA28 June 2001
- LA Third ReadingLA28 June 2001
Affected Sectors
housingfinance
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