Financial Institutions Duty (First Home Owner Grants) Regulations 2000

i Financial Institutions Duty (First Home Owner Grants) Regulations 2000 S.R. No. 60/2000 TABLE OF PROVISIONS Regulation Page 1. Objective 1 2. Authorising provisions 1 3. Receipts to which the Act does not apply 1 ═══════════════ NOTES 3 -- 1 of 4 -- 1 STATUTORY RULES 2000 S.R. No. 60/2000 Financial Institutions Duty Act 1982 Financial Institutions Duty (First Home Owner Grants) Regulations 2000 The Governor in Council makes the following Regulations: Dated: 27 June 2000 Responsible Minister: JOHN BRUMBY Treasurer HELEN DOYE Clerk of the Executive Council 1. Objective The objective of these Regulations is to exempt receipts of first home owner grants from financial institutions duty. 2. Authorising provisions These regulations are made under sections 18(3)(o) and 86 of the Financial Institutions Duty Act 1982. 3. Receipts to which the Act does not apply After regulation 8(1)(w) of the Financial Institutions Duty Regulations 1992 1 insert— "(x) a receipt of money by a registered financial institution in accordance with an administration agreement under section 38(1) of the First Home Owner Grant Act -- 2 of 4 -- S.R. No. 60/2000 Financial Institutions Duty (First Home Owner Grants) Regulations 2000 2 2000, being the amount of a first home owner grant that is, or may become, payable under that Act; (y) a receipt of money by a registered financial institution, being the payment of a first home owner grant under section 19 of the First Home Owner Grant Act 2000, for the credit of an account kept by the financial institution in the name of the applicant for the grant.". ═══════════════ r. 3 -- 3 of 4 -- S.R. No. 60/2000 Financial Institutions Duty (First Home Owner Grants) Regulations 2000 3 NOTES 1 Reg. 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 and 89/1999. Notes -- 4 of 4 --