Exemption from Bank Close Days - New South Wales

Description

You may require this exemption if you operate a bank and you intend to open your bank on a bank close day. A bank is an authorised deposit-taking institution. Restricted trading days are:

  • Public holidays
  • Good Friday
  • Easter Sunday
  • Anzac Day (restrictions are in force before 1pm only)
  • Christmas Day
  • Boxing Day
  • Saturdays and Sundays
  • the first Monday in August

All non-exempt banks must be shut on bank close days unless an exemption has been granted.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

This exemption will not be granted it can be demonstrated that it is in the public interest to do so. The Agency will take into account the likely effect on particular sections of the public, including:

  • customers of the bank concerned in any particular area, and
  • persons employed or engaged to perform services for the bank

Exemption is granted only on the condition that, on a bank close day, the bank is staffed only by persons who have freely chosen to work on that day.

Please consult the Contact Officer for more information regarding eligibility requirements.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Other resources

Act(s) name

Retail Trading Act 2008 NSW

Regulation(s) name

Retail Trading Regulation 2014 NSW

Application process

Apply

An application must be made in writing to the Secretary, NSW Treasury.

Approval time

An application for exemption will be determined within 40 days, unless consent for a longer period is sort by the Secretary.

Administering agency

The Treasury

NSW Industrial Relations

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries

NSW Industrial Relations

The Treasury

Mailing address: GPO BOX 5469
Sydney, New South Wales 2001
Phone: 13 16 28
Fax: 02 9020 4700
Email: shoptrading@industrialrelations.nsw.gov.au