Revocation of authority to carry on banking business 2022 – Citigroup Pty Limited

Banking Act 1959                                        

To: Citigroup Pty Limited ABN 88 004 325 080 (the body corporate) SINCE:

1. the body corporate, by notice in writing to APRA, has requested the revocation of its section 9 authority to carry on banking business in Australia (the authority); and

B.            I am satisfied that the revocation of the authority would not be contrary to the national interest or the interests of depositors of the body corporate,

I, Therese McCarthy Hockey, a delegate of APRA, under subsection 9A(1) of the Banking Act 1959 (the Act), REVOKE the authority.

This instrument commences on 30 June 2022. Dated: 24 June 2022

Therese McCarthy Hockey Executive Director Banking Division

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

banking business has the meaning given in subsection 5(1) of the Act.

section 9 authority has the meaning given in subsection 5(1) of the Act.

Notes

APRA is required to publish notice of the revocation in the Gazette, and may also publish notice of the revocation in other ways.