Financial Institutions Duty (Amendment) Regulations 2000
i
Financial Institutions Duty (Amendment)
Regulations 2000
S.R. No. 80/2000
TABLE OF PROVISIONS
Regulation Page
1. Objective 1
2. Authorising provision 1
3. Further receipts to which the Act does not apply 2
4. Further person to which the Act does not apply 2
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NOTES 3
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1
STATUTORY RULES 2000
S.R. No. 80/2000
Financial Institutions Duty Act 1982
Financial Institutions Duty (Amendment)
Regulations 2000
The Governor in Council makes the following Regulations:
Dated: 2 August 2000
Responsible Minister:
JOHN BRUMBY
Treasurer
HELEN DOYE
Clerk of the Executive Council
1. Objective
The objective of these Regulations is to amend the
Financial Institutions Duty Regulations 1992 to—
(a) exempt from financial institutions duty
receipts of certain welfare payments under
Commonwealth legislation;
(b) exempt an in house finance company from
financial institutions duty.
2. Authorising provision
These Regulations are made under section 86 of
the Financial Institutions Duty Act 1982.
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Financial Institutions Duty (Amendment) Regulations 2000
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3. Further receipts to which the Act does not apply
In regulation 8(1)(b) of the Financial Institutions
Duty Regulations 19921 , after sub-paragraph (v)
insert—
"or
(vi) a benefit, allowance, advance, payment or
advance payment paid under a family
assistance law within the meaning of
section 3(1) of the A New Tax System
(Family Assistance) (Administration) Act
1999 of the Commonwealth; or
(vii) a bonus paid under the A New Tax System
(Bonuses for Older Australians) Act 1999 of
the Commonwealth;".
4. Further person to which the Act does not apply
In item 1 of Schedule 1 to the Financial
Institutions Duty Regulations 1992, after "Hudson
Conway Finance Pty. Ltd. A.C.N. 006 973 619"
insert "ITW AFC Pty. Ltd. A.C.N. 091 191 865".
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r. 3
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Financial Institutions Duty (Amendment) Regulations 2000
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NOTES
1Reg. 3: S. R. No. 342/1992. Reprint No. 2 as at 27 August 1998. Reprinted
to S.R. No. 90/1998. Further amended by S.R. Nos 124/1998, 89/1999
and 60/2000.
Notes
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