Schedule 1 Miscellaneous and Consequential Amendments to Credit Union Act 1997
Item |
Provision affected |
Amendment |
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1 |
Delete |
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2 |
After subsection (6) insert: |
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"(7) Notwithstanding subsection (6) a credit union which is a sub-office of a registered credit union may cause its name, along with the registered name of the credit union, to be painted or affixed, and to be kept painted or affixed, in a conspicuous position and in letters easily legible, on the outside of its office.". |
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3 |
Substitute "may decide to direct and direct the credit union to change its name to a name approved by the Bank" for "may direct the credit union to change its name to a name approved by the Bank". |
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4 |
Insert after subsection (3): |
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"(3A) Before sending a copy of the amended rules to the Bank under subsection (2) the credit union is required to satisfy itself that the amendment is not contrary to the financial services legislation.". |
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5 |
Substitute for subsections (4) and (5): |