Overview
The federal government has issued Banking Exemption No. 1 of 2026. The exemption came into force on 19 August 2026. It is a legislative instrument made under the Banking Act 1959 and is administered by the Department of the Treasury.
What the exemption covers
The exemption applies specifically to religious charitable development funds. The source page does not provide further detail about what the exemption permits or which specific organisations or conditions are covered beyond the title.
Where to find the full text
The full text of the exemption and its explanatory statement are available on the Federal Register of Legislation at https://www.legislation.gov.au/F2026L01077.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.