Financial Institutions Duty (Corresponding State Brokers) Regulations 1996

i Financial Institutions Duty (Corresponding State Brokers) Regulations 1996 S.R. No. 61/1996 TABLE OF PROVISIONS Regulation Page 1. Objective 1 2. Principal Regulations 1 3. Authorising provisions 2 4. Insertion of regulation 7A 2 7A. Class of persons to which the Act does not apply 2 5. Amendment of regulation 8 2 ═══════════════ NOTES 3 -- 1 of 4 -- 1 STATUTORY RULES 1996 S.R. No. 61/1996 Financial Institutions Duty Act 1982 Financial Institutions Duty (Corresponding State Brokers) Regulations 1996 The Lieutenant-Governor as the Governor's Deputy with the advice of the Executive Council makes the following Regulations: Dated: 2 July 1996 Responsible Minister: ALAN R. STOCKDALE Treasurer A. WILTSHIRE Acting Clerk of the Executive Council 1. Objective The objective of these Regulations is to amend the Financial Institutions Duty Regulations 1992 by prescribing dealers who are brokers who lodge or are required to lodge quarterly returns with the Australian Stock Exchange Limited in a corresponding State or Territory to be a class of persons to which the Financial Institutions Duty Act 1982 does not apply. 2. Principal Regulations In these Regulations, the 1 Financial Institutions Duty Regulations 1992 are called the Principal Regulations. -- 2 of 4 -- S.R. No. 61/1996 Financial Institutions Duty (Corresponding State Brokers) Regulations 1996 2 3. Authorising provisions These Regulations are made under sections 3(1) and 86 of the Financial Institutions Duty Act 1982. 4. Insertion of regulation 7A After regulation 7 of the Principal Regulations insert '7A. Class of persons to which the Act does not apply For the purposes of paragraph (t) of the definition of "financial institution" in section 3(1) of the Act, dealers who are brokers who lodge or are required to lodge quarterly returns with the Australian Stock Exchange Limited in a corresponding State or Territory are a class of persons to which the Act does not apply.'. 5. Amendment of regulation 8 In regulation 8(1)(l) of the Principal Regulations, after "account kept" insert "by it". ═══════════════ r. 3 -- 3 of 4 -- S.R. No. 61/1996 Financial Institutions Duty (Corresponding State Brokers) Regulations 1996 3 NOTES 1 S.R. No. 342/1992. Reprinted to S.R. No. 128/1994 and subsequently amended by S.R. Nos 112/1995, 4/1996 and 28/1996. -- 4 of 4 --