Financial Institutions Duty (Amendment) Regulations 1996

i Financial Institutions Duty (Amendment) Regulations 1996 S.R. No. 4/1996 TABLE OF PROVISIONS Regulation Page 1. Objective 1 2. Authorising provisions 1 3. Principal Regulations 1 4. Amendment of Regulation 16 2 5. Insertion of Regulation 27 2 27. Broker's Return under section 35A 2 6. Amendment of Form 7 in Schedule 2 2 7. Insertion of Form 7A 2 8. Insertion of Form 18 4 ═══════════════ NOTES 5 -- 1 of 6 -- 1 STATUTORY RULES 1996 S.R. No. 4/1996 Financial Institutions Duty Act 1982 Financial Institutions Duty (Amendment) Regulations 1996 The Governor in Council makes the following Regulations: Dated: 16 January 1996 Responsible Minister: ALAN R. STOCKDALE Treasurer KATHY WILSON Clerk of the Executive Council 1. Objective The objective of these Regulations is to amend the Financial Institutions Duty Regulations 1992 to prescribe new forms of certificates under section 32(1) of the Financial Institutions Duty Act 1982, and to prescribe a form for the making of returns by stockbrokers under section 35A of that Act. 2. Authorising provisions These Regulations are made under sections 32(1), 35A and 86 of the Financial Institutions Duty Act 1982. 3. Principal Regulations In these Regulations, the 1 Financial Institutions Duty Regulations 1992 are called the Principal Regulations. -- 2 of 6 -- S.R. No. 4/1996 Financial Institutions Duty (Amendment) Regulations 1996 2 4. Amendment of Regulation 16 In Regulation 16 of the Principal Regulations, after "Schedule 2" insert "for exempt bank accounts other than short-term dealing accounts and Form 7A in Schedule 2 for short-term dealing accounts". 5. Insertion of Regulation 27 After Regulation 26 of the Principal Regulations insert— "27. Broker's Return under section 35A The broker's return referred to in section 35A of the Act must be in the form set out in Form 18 in Schedule 2 and delivered to the Commissioner by hand or post.". 6. Amendment of Form 7 in Schedule 2 In the heading to Form 7 in Schedule 2 to the Principal Regulations after "SECTION 32(1)" insert "OTHER THAN A SHORT-TERM DEALING ACCOUNT". 7. Insertion of Form 7A After Form 7 in Schedule 2 to the Principal Regulations insert— "FORM 7A SHORT-TERM DEALING BANK ACCOUNT ANNUAL CERTIFICATE Financial Institutions Duty Act 1982 Section 32 (1) Lodgement This certificate must be lodged on or before 31 August immediately following the financial year to which this declaration relates Additional Certificates Please photocopy this certificate if you have more than 1 short-term dealing bank account. Name of the registered short-term money market operator Address Postcode Account details Bank Branch Address Account Number r. 4 -- 3 of 6 -- S.R. No. 4/1996 Financial Institutions Duty (Amendment) Regulations 1996 3 1. Were all amounts paid into the above account in the period 1 July to 30 June so paid in accordance with the Act? Yes ❏ ➔ Go to 2 No ❏ ➔ Answer the following questions (a) The total of the individual amounts paid into the account in contravention of the Act, where each such amount is less than $2 million, is $ and therefore the amount payable at the rate of 0.06% is $ (b) The number of the individual amounts paid into the account in contravention of the Act, where each such amount is $2 million or more, is and therefore the amount payable at $1,200 per amount is $ 2. Were all amounts paid out of the above account in the period 1 July to 30 June so paid in accordance with the Act? Yes ❏ ➔ Go to 3 No ❏ ➔ Answer the following questions (a) The total of the individual amounts paid out of the account in contravention of the Act, where each such amount is less than $2 million, is $ and therefore the amount payable at the rate of 0.06% is $ (b) The number of the individual amounts paid out of the account in contravention of the Act, where each such amount is $2 million or more, is and therefore the amount payable at $1,200 per amount is $ Total Amount Payable under Item 1 & 2 $ Additional duty payable— $ Total Amount Payable $ 3. Has the above account gone into debit at any time in the period 1 July to 30 June ? Yes ❏ No ❏ 4. How many times was the account in debit balance in the period declared above ? times I, (insert name) certify that the above particulars are correct to the best of my knowledge and that I am authorised to make this certification on behalf of the above named registered short-term money market operator. Signature of authorised person Date ". r. 7 -- 4 of 6 -- S.R. No. 4/1996 Financial Institutions Duty (Amendment) Regulations 1996 4 8. Insertion of Form 18 After Form 17 in Schedule 2 to the Principal Regulations insert— "FORM 18 Financial Institutions Duty Act 1982 BROKER'S RETURN UNDER SECTION 35A For the month of (insert month and year) Full name of Victorian broker Address Postcode Particulars and amounts of broker receipts Profits from trading in securities $ Dividends $ Brokerage $ Commissions $ Interest and Fees $ Sale of capital assets $ Total broker receipts $ FID payable at 0.06% $ I, (insert name) certify that this return is true and correct. Signature of authorised person Date ". ═══════════════ r. 8 -- 5 of 6 -- S.R. No. 4/1996 Financial Institutions Duty (Amendment) Regulations 1996 5 NOTES 1 S.R. No. 342/1992. Reprinted to S.R. No. 128/1994 and subsequently amended by S.R. No. 112/1995. -- 6 of 6 --