Debits Tax (Amendment) Regulations 1998

i Debits Tax (Amendment) Regulations 1998 S.R. No. 123/1998 TABLE OF PROVISIONS Regulation Page 1. Objectives 1 2. Authorising provisions 1 3. Prescribed class of exempt debit 1 ═══════════════ NOTES 3 -- 1 of 4 -- 1 STATUTORY RULES 1998 S.R. No. 123/1998 Debits Tax Act 1990 Debits Tax (Amendment) Regulations 1998 The Governor in Council makes the following Regulations: Dated: 6 October 1998 Responsible Minister: ALAN R. STOCKDALE Treasurer STACEY ROBERTSON Acting Clerk of the Executive Council 1. Objectives The objective of these Regulations is to prescribe a further class of debits as exempt from debits tax. 2. Authorising provisions These Regulations are made under paragraph (e) of the definition of "exempt debit" in section 3(1) and under section 61 of the Debits Tax Act 1990. 3. Prescribed class of exempt debit At the end of regulation 4 of the Debits Tax Regulations 1 1998 insert— '(2) A debit that is made by a financial institution solely to effect the transfer of an account as a result of a merger or transfer of engagements by a co-operative housing society under Division 2 of Part II of the Co-operative Housing Societies Act 1958 is a debit of a kind or class prescribed for the purposes of -- 2 of 4 -- S.R. No. 123/1998 Debits Tax (Amendment) Regulations 1998 2 paragraph (e) of the definition of "exempt debit" in section 3(1) of the Act.'. ═══════════════ r. 3 -- 3 of 4 -- S.R. No. 123/1998 Debits Tax (Amendment) Regulations 1998 3 NOTES 1 Reg. 3: S.R. No. 84/1998. Notes -- 4 of 4 --