Commencement: 1 January 2003

republic of vanuatu 

banking (repeal) act
no. 18 of 2002

Arrangement of Sections

1.	Repeal of Act
2.	Commencement

------------------------------------------------

Assent 		31 December 2002
Commencement	1 January 2003

republic of vanuatu

banking (repeal) act
no. 18 of 2002

An Act to repeal the Banking Act [CAP 63].

Be it enacted by the President and Parliament as follows-

1	Repeal of Act

The Banking Act [CAP 63] is repealed.

2	Commencement

This Act commences on 1 January 2003.

---------------------------------------------

REPUBLIC OF VANUATU

BILL FOR THE

BANKING (REPEAL) 
ACT No. 18 OF 2002

Explanatory Note

The purpose of this Bill is to repeal the Banking Act [CAP 63].  It is no longer necessary because of the passage of new legislation that will provide for the supervision of international (offshore) banks and other exempt financial institutions.

Minister of Finance and Economic Management